Mirae Asset Sekuritas has provided a detailed technical analysis for three significant Indonesian stocks: PT GoTo Gojek Tokopedia Tbk (GOTO), PT Darma Henwa Tbk (DEWA), and PT Rukun Raharja Tbk (RAJA). These stocks are currently in consolidation phases, with varying technical signals that could influence their movements in the near future.

GOTO - PT GoTo Gojek Tokopedia Tbk

The stock of GOTO is in a consolidation phase but shows early signs of potential upward movement. Technical indicators, including MFI, W%R, and RSI, are generally in a downtrend, although their momentum has begun to slow. GOTO’s price is positioned above the center line of the Bollinger Bands, suggesting that there may be potential for a reversal if the demand side strengthens. However, the volume on the demand side is currently lower than that on the supply side, indicating that the bullish movement could face resistance unless demand picks up.

DEWA - PT Darma Henwa Tbk

DEWA’s stock is also showing a consolidation trend with slight upward potential. The technical indicators, such as MFI, CMO, and W%R, are still on a downward trajectory, but the pace of the decline has slowed. The stock price is positioned below the center line of the Bollinger Bands, suggesting the market sentiment is more cautious. Furthermore, the demand volume remains below the price level, while supply volume exceeds it, which indicates that there could be more pressure on the stock unless demand increases.

RAJA - PT Rukun Raharja Tbk

RAJA’s stock, similar to GOTO and DEWA, is consolidating, but with a slight upward bias. While the technical indicators show downward movement, the decline is becoming more limited. The stock price is currently below the center line of the Bollinger Bands, and like DEWA, demand volume is lower than supply. This suggests that although the stock may be showing signs of potential upside, it is facing pressure from the supply side.

These insights from Mirae Sekuritas provide a comprehensive view of the technical landscape for GOTO, DEWA, and RAJA. Investors should closely monitor key technical indicators such as the Bollinger Bands, MFI, W%R, and RSI, as these signals will guide the next potential movements of these stocks. Understanding the interplay of demand and supply volumes also adds a crucial layer to interpreting market sentiment and price action.

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