JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the direction of the movement of PT Surya Citra Media Tbk (SCMA) shares, Tuesday (18/3).

Technically, SCMA's share price is stuck at MA60 and in yesterday's trading the candle was seen bouncing until it broke MA5.

The strengthening of stochastic gives SCMA the potential for further strengthening towards resistance in the IDR200-IDR204 per share area.

The strengthening of SCMA's share price is also supported by the increase in profit and revenue in 2024.

SCMA is engaged in multimedia, entertainment, and communications. The company houses a number of television stations in Indonesia, such as SCTV and Indosiar.

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

Chart: Bloomberg