Based on the ICBP financial result of FY2020 they record good sales amidst the pandemic and supported by 2 acquisition transactions. In the long-shot, as the company has a strong root in Indonesia's consumer goods, the company will have a higher gain with a target price of 12,000-14,000. But in the short position, the stock's strong support is at 8125. If break support, Expected to bounce back to 8275, then 8625, then 8825, then 9025.
Note
If ICBP breaks 8825, then the price might break 9025, but proceed with caution, CL at 8425.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.