JAKARTA – Vanguard and BlackRock have been steadily accumulating shares of PT Mitra Keluarga Karyasehat Tbk (MIKA), amidst a sideways price trend.

These investment firms have recently increased their holdings in MIKA, signalling positive sentiment regarding the company's strong fundamentals and growth prospects in the healthcare sector.

From a technical standpoint, there are indications of a potential golden cross formation, which could be an early signal of a trend reversal towards a bullish movement. MIKA shares are currently trading in a sideways pattern, with the price range narrowing.

The Moving Averages (MA) of 5, 20, and 60 days are showing a tendency to converge, suggesting a possible trend change in the coming trading sessions.

If the golden cross materialises, the likelihood of a price rally in MIKA shares will increase.

Technical analysis of MIKA shares can be viewed in the following video. (DK/KR/ZH/VA)