JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the direction of the movement of PT Mitra Keluarga Karyasehat Tbk (MIKA) shares, Friday (7/3).

The stock accumulation action by BlackRock and Vanguard, coupled with technical analysis monitoring, shows that MIKA shares are currently in a sideways trend and the narrowing distance between MA5, MA20, and MA60 indicates the potential for a golden cross to form, which could be an early signal for a reversal in this stock.

MIKA is engaged in health services, specifically operating private hospitals. MIKA stands for PT Mitra Keluarga Karyasehat Tbk.

Technical analysis of MIKA shares can be seen in this video.(DK/VA/LM)

Chart: Bloomberg