Jakarta – Technical analysis from PT Ina Sekuritas Indonesia has provided insight into the potential trend of PT Surya Citra Media Tbk (SCMA) stock on Friday, January 31.

The appearance of a Marubozu candlestick pattern following a rebound, alongside strengthening stochastic indicators, points to a potential uptick for SCMA. This is further underscored by the recent accumulation of SCMA shares by its parent company, PT Elang Mahkota Teknologi Tbk (EMTK).

For a detailed technical analysis of SCMA stock, watch the full video here. (ZH)

Chart: Bloomberg