Technical Analysis Recommends Sell on BRMS as IHSG Drops 0.65%
Executive Summary
Key insights and market outlook
The Indonesian Composite Index (IHSG) fell 0.65% or 54.95 points to 8,361.92 on November 18, 2025. Analysts from Korea Investment & Sekuritas Indonesia (KISI) recommend selling PT Bumi Resources Minerals Tbk (BRMS) as it may continue its correction after breaking the MA20 support, potentially testing the MA50 support at Rp 860. Current indicators show RSI at 50 and MACD Histogram at -10.
Deep Dive Analysis
Technical Analysis Recommends Sell on BRMS as IHSG Drops
Market Overview
The Indonesian Composite Index (IHSG) experienced a 0.65% decline or 54.95 points, closing at 8,361.92 on November 18, 2025. This market movement has prompted analysts to provide technical recommendations for the next trading day.
BRMS Technical Analysis
PT Bumi Resources Minerals Tbk (BRMS) closed at Rp 930 on November 18, 2025. According to technical analysis by Korea Investment & Sekuritas Indonesia (KISI), BRMS is likely to continue its correction after breaking through the MA20 support level. The stock is expected to test the MA50 support at Rp 860. Current technical indicators show:
- RSI (Relative Strength Index) at 50
- MACD Histogram at -10
Based on these indicators, analysts recommend a 'Sell' action for BRMS. The stock is expected to face resistance at Rp 1,000.
Technical Levels
- Current Price: Rp 930
- Support: Rp 860
- Resistance: Rp 1,000
Analyst Insights
Muhammad Wafi from Korea Investment & Sekuritas Indonesia (KISI) provided the technical analysis, highlighting the potential downside risk based on the current technical indicators and chart patterns.
Source References
Story Info
Topics Covered
Key Events
IHSG Decline
BRMS Technical Analysis