JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the direction of the movement of PT Goto Gojek Tokopedia Tbk (GOTO) shares on Wednesday (19/3).

Sentiment from the rumoured acquisition of GOTO by Grab continues to circulate, signalling a rebound in this stock.

Technically, GOTO shares are currently in the lower line of the bullish trend. The lower line can be described as a line that connects the lowest point of the stock price consecutively, which can be the next support point. This, supported by other stochastic indicators, signals continued strength in the stock.

GOTO is engaged in technology, particularly digital services. GOTO is also a holding company that provides various services, such as transport, food delivery, logistics, payment, and e-commerce.

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

Chart: Bloomberg