After a 1.89% Drop, Will the JCI Rebound in Friday's Trading?
JAKARTA, KOMPAS.com - The Composite Stock Price Index (JCI) is projected to move volatily with a technical tendency towards rebound on Friday’s trading (27/3/2026), after the index corrected by 1.89% to the level of 7,164.091 at the close of Thursday’s trading.
Capital market observer and Founder of Republik Investor, Hendra Wardana, assesses that the JCI remains overshadowed by global sentiments, particularly from oil price movements and expectations of US interest rates.
Technically, the JCI is now approaching a strong support area in the range of 7,100 to 7,120, thus opening opportunities for a rebound with resistance in the 7,250-7,300 area.
“However, if geopolitical tensions heat up again and oil prices continue to rise, it is not impossible for the JCI to test the psychological support at the 7,000 level, as the market is very sensitive to inflation and interest rate issues at present,” said Hendra when contacted by Kompas.com.
PT Bukit Asam Tbk (PTBA), PT Japfa Comfeed Indonesia Tbk (JPFA), PT Merdeka Copper Gold Tbk (MDKA), and PT Agung Podomoro Land Tbk (APLN).
PTBA is still attractive for a buy trading strategy with a target at Rp 3,300. Fundamentally, this coal issuer stands to benefit from rising global energy prices, while technically the price movement is in the support area, making the risk-reward profile increasingly appealing.
Meanwhile, JPFA is also attractive for a buy trading with a target of Rp 2,800. This stock is in the consumer food sector, which tends to be defensive during market turbulence, and has potential as a destination for fund rotation amid uncertainty.
On the other hand, MDKA remains suitable for speculative buy with a target price of Rp 3,540. This issuer has exposure to copper and gold commodities, which generally benefit from increasing global uncertainty.
APLN is considered attractive for a buy trading with a target of Rp 180. The property sector has potential for a rebound along with expectations of interest rate cuts, while from a valuation perspective, this stock is relatively cheap, opening opportunities for a technical rebound in the short term.
Meanwhile, Head of Online Trading at BCA Sekuritas, Achmad Yaki, recommends the stock of PT United Tractors Tbk (UNTR).
Considerations for the movement of UNTR stock include the appearance of a doji with its stochastic overbought and declining volume, though RSI is still strengthening.
Vulnerable to correction if it fails to break Rp 30,900 - Rp 31,100. On Thursday’s trading, UNTR stock closed up 0.08% from the previous day at Rp 30,800 per share.
Recommendation: Sell on strength
Support: Rp 29,475
Resistance: Rp 31,525