JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia outlines the price outlook for PT Triputra Agro Persada Tbk (TAPG) on Monday (6/4).

Analysts at Ina Sekuritas recommend TAPG with a speculative buy rating.

The stock’s candlestick pattern indicates a bullish trend, with prices trading above the Moving Average 5 (MA5).

According to the analysts, the trend is supported by rising crude palm oil (CPO) prices following Indonesian government policy encouraging the implementation of the B50 biodiesel programme starting 1 July 2026.

The rollout of B50 is expected to boost demand for palm oil.

TAPG faces resistance levels at IDR 1,900 and IDR 2,000, while support levels are seen at IDR 1,820 and IDR 1,800.

The company operates in plantation and palm oil and rubber processing industries, including the production of crude palm oil (CPO), palm kernel (PK), and rubber.

Further technical analysis of TAPG shares is available in the accompanying video. (DK/ZH)

Chart: Bloomberg