$HYGN
Ecocare Indo Pasifik Tbk (HYGN.JK) is now trading at IDR163, testing a critical resistance zone after rebounding strongly from its recent lows. The stock has successfully defended the 23.6% Fibonacci retracement at IDR157 and is attempting to break through the IDR163–166 cluster, which has acted as a supply zone in recent sessions.
Technically, a decisive close above IDR166 would validate a breakout from the consolidation triangle, opening upside potential toward IDR170 and the Fibonacci extension at IDR181. On the flip side, failure to hold current gains may trigger a retest of IDR159, with stronger support seen at IDR151.
Volume trends suggest renewed accumulation interest, with buy-side flows dominating in today’s session. Momentum indicators (Stoch RSI and MACD) have turned upward, supporting the view that HYGN is building a base for continuation.
For shareholders, HYGN’s current positioning presents an inflection point: sustaining above IDR163 could mark the start of a new leg higher, while rejection here risks another pullback. Given broader JCI volatility tied to political reshuffling and fiscal leadership uncertainty, investors should remain tactical.
Strategic View: For medium-term investors, holding positions above IDR159 remains favorable with an upside target at IDR181. For tactical traders, today’s price action around IDR163–166 will be decisive—either validating a breakout or signaling another consolidation cycle.