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JSMR

IDX:JSMR 30th MARCH 2022PT. Jasa Marga (Persero) Tbk (JSMR) is an Indonesian State-Owned Enterprises engaged in the toll road service providers and other related business. The analysis is based on sentiment ahead of Eid al-Fitr (Lebaran) which will coincide in May, where usually on Eid al-Fitr, people will return to their hometowns, specifically for land transportation. The survey on Ministry of Transportation : was carried out on March after the travel requirements with antigen/PCR tests were abolished. Private car users up to 26% or 21 million, then motorcycles 18% or 14 million, dominate the majority of the types of modes people choose to travel back and forth. Then followed by buses with 16% or 12 million, and planes with 12% or 9 million. Technically, IDX:JSMR is targeted to reach the weekly resistance area of 3990 - 4150. The target is limited to (April - May) as we know that transportation flows will return to normal after the Eid al-Fitr months. We can see that there is a descending triangle pattern on the weekly timeframe, which is difficult to break the resistance area.
IDX:JSMRLong
by DNP-FX