Analysts project IHSG to breach the 6,000 level; check five stocks with potential gains today

IHSG is projected to continue a correction in Wednesday trading session on 20 May 2026. The last close sits at 6,370.67 after a sharp 3.46% drop in Tuesday’s trading, 19 May 2026.

Analyst Ivan Rosanova of Binaartha Sekuritas says the downtrend remains aggressive, as indicated by the characteristics of wave iii. The index has also broken through the 85.4% Fibonacci retracement level at 6,363.

‘Tuesday’s drop opened the way to fill the gap of 6,092-6,148 formed in April 2025,’ Ivan said in his daily research on Wednesday, 20 May 2026.

Ivan set support levels for IHSG at around 6,253, 6,098 and 5,911, while resistance is at 6,515, 6,787 and 7,001.

Furthermore, Ivan disclosed stock recommendations that could attract investors’ attention for today’s trading session, including:

PT Aneka Tambang Tbk (ANTM)

• Recommendation: Buy on Weakness

• Buy area: 2,700-2,800

• Target price: 3,610

PT Astra International Tbk (ASII)

• Recommendation: Trading Buy

• Buy area: 5,600-5,700

• Target price: 6,250

PT Bank Central Asia Tbk (BBCA)

• Recommendation: Hold

• Target price: 6,550

PT Elang Mahkota Teknologi Tbk (EMTK)

• Recommendation: Speculative Buy

• Buy area: 630-650

• Target price: 825

PT Indofood CBP Sukses Makmur Tbk (ICBP)

• Recommendation: Speculative Buy

• Buy area: 6,450-6,550

• Target price: 7,400