PT Bukit Uluwatu Villa Tbk is trading 6% up today at $900, extending a sharp multi-day rebound following a period of weakness linked to its jumbo rights issue and heavy profit-taking.
- The current price action suggests traders are playing the volatile post-rights-issue range rather than reacting to fresh fundamental news.
- Technical indicators show ongoing bearish pressure with key support levels established around 720–700 and immediate resistance near the 850–900 range.