JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the direction of the movement of PT Sumber Alfaria Trijaya Tbk (AMRT) shares on Friday (14/3).

Currently, AMRT shares are moving in a bearish trend and are in the lower line area (the lowest share price reached in one day) and testing MA20 as resistance.

The strengthening of this stock is supported by the accumulation of shares by BlackRock and Vanguard as well as increased public consumption during the month of Ramadan.

AMRT is engaged in retail, especially minimarkets under the name Alfamart. As is known, Alfamart is one of the largest retail companies in Indonesia.

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

Chart: Bloomberg