JAKARTA – Technical analysis from PT Ina Sekuritas Indonesia offers insights into the movement of PT AKR Corporindo Tbk’s stock, Wednesday (12/3).

Currently, AKRA shares are moving above the MA5 line after previously forming a double bottom pattern.

Supported by sentiment from share accumulation by AKRA’s Commissioner and foreign investors such as BlackRock, AKRA shares have the potential to approach their nearest resistance level.

AKRA operates in trade, distribution, and logistics, and is also involved in property and infrastructure development sectors.

Technical analysis of AKRA shares can be viewed in the attached video. (DK/ZH)

Chart: Bloomberg