JAKARTA - Technical analysis from PT Ina Sekuritas Indonesia provides an overview of the direction of the movement of PT Jasa Marga (Persero) Tbk (JSMR) shares on Tuesday (25/3).

Technically, JSMR shares are in a bearish trend. However, the movement of candles past MA5 and MA20, coupled with the stochastic indicator coming out of the oversold area, provides limited strengthening potential towards resistance in the range of IDR 3,930-Rp4,130 per share.

JSMR is a State-Owned Enterprise (SOE) established on 1 March 1978, which is engaged in toll road services.

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

Chart: Bloomberg