JAKARTA — Technical analysis from PT Ina Sekuritas Indonesia provides an outlook on the share price movement of PT Bank Syariah Indonesia Tbk (BRIS) on Thursday (2/4).

Ina Sekuritas analysts recommend BRIS shares with a buy on weakness rating for Wednesday (1/4).

BRIS is moving within a support area, as indicated by the stochastic indicator entering oversold territory. Declining trading volume also signals weakening candlestick momentum at current levels.

Analysts project resistance for BRIS shares at IDR 2,270–2,280, with support seen at IDR 2,100–2,030.

BRIS operates in Islamic banking, offering a range of services including savings, financing and digital banking, and is part of the state-owned bullion bank ecosystem.

For further details, the full technical analysis of BRIS shares is available in the accompanying video. (DK/ZH)

Chart: Bloomberg