JAKARTA – Technical analysis from PT Ina Sekuritas Indonesia offers insights into the stock trend of PT Surya Citra Media Tbk (SCMA) on Friday (7/2).

SCMA’s stock has shown continued strength, with the stochastic indicator breaking through the MA5, supported by the formation of a double bottom pattern which has breached key resistance levels.

Part of the Elang Mahkota Teknologi (EMTEK Group), SCMA operates in the fields of multimedia, entertainment, and communications.

For a deeper dive into the technical analysis of SCMA's stock, refer to the video attached. (DK/ZH)

Chart: Bloomberg