JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the direction of the movement of PT Surya Citra Media Tbk (SCMA) shares on Thursday (20/3).

Technically, SCMA shares rebounded from the MA60 and successfully passed the MA5, indicating a potential strengthening trend. In addition, the accumulation action of PT Elang Mahkota Teknologi Tbk (EMTK) on SCMA shares, adds to the opportunity for further gains towards resistance in the IDR204-IDR210 area.

However, if the price movement does not meet expectations, investors are advised to cut loss in the support area of IDR193-Rp190, to anticipate further potential decline.

SCMA is an issuer engaged in multimedia, entertainment, and communications. The company oversees several major television stations in Indonesia, such as SCTV, and Indosiar.

Investors can view a more complete technical analysis through the following video. (DK/KR/LM)