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.
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If ICBP breaks 8825, then the price might break 9025, but proceed with caution, CL at 8425.