JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the stock movement of PT Surya Citra Media Tbk (SCMA) on Thursday (March 20).

From a technical perspective, SCMA stock appears to have rebounded from the MA60 and successfully surpassed the MA5.

Furthermore, the accumulation action by EMTK on SCMA shares presents potential for further strengthening towards resistance in the range of IDR204-IDR210 per share.

SCMA operates in the multimedia, entertainment, and communications sectors. The company owns several television stations in Indonesia, such as SCTV and Indosiar.

The technical analysis of SCMA’s stock can be viewed in this video. (DK/VA/LM)

Chart: Bloomberg