JAKARTA – A technical analysis by PT Ina Sekuritas Indonesia outlines the potential price movement of PT Sumber Alfaria Trijaya Tbk (AMRT) shares on Tuesday (27/5).

AMRT shares are showing a positive trend, trading above the 5-day moving average (MA5).

This opens the opportunity for the stock to test its resistance level in the range of IDR 2,700 to IDR 2,710 per share, supported by a previously formed double bottom pattern.

Ina Sekuritas added that the support level for AMRT shares is estimated to be in the range of IDR 2,580 to IDR 2,500 per share.

AMRT, operating in the retail sector, is best known for its Alfamart brand.

The company is also expanding its business portfolio through subsidiaries in retail, logistics, and e-commerce.

Investors can view the full technical analysis through the video below. (DK/KR/ZH)

Chart: Bloomberg