Analysts Say IHSG Still Has Momentum to Break 7,800, Check Out Potential Profitable Stock Recommendations

The Composite Stock Price Index (IHSG) is projected to remain in a positive trend in the short term. In the previous trading session, the IHSG closed down 0.68 per cent at 7,624.58.

Analyst from Binaartha Sekuritas, Ivan Rosanova, stated that the IHSG’s movement indicates a false break against the Fibonacci resistance, as the closing level remains below 7,677 on Wednesday, 15 April 2026. According to Ivan, the index has the potential to reverse upwards (rebound) if it does not fall below the minor support of 7,488.

“The short-term upward trend of the IHSG could continue to 7,814-7,856,” said Ivan in his daily research on Thursday, 16 April 2026.

Ivan then set the IHSG support points at levels 7,488, 7,255, 7,057, and 6,838. Meanwhile, resistance points are in the areas of 7,856, 8,000, and 8,111.

Furthermore, Ivan revealed several potential profitable stocks worth monitoring by investors. Here are the selected stock recommendations that are attractive to watch.

PT Indosat Tbk (ISAT)

• Recommendation: Hold

• Target price: 2,260

PT Merdeka Battery Materials Tbk (MBMA)

• Recommendation: Trading Buy

• Buy area: 660-700

• Target price: 800

PT Merdeka Copper Gold Tbk (MDKA)

• Recommendation: Buy on Weakness

• Buy area: 2,850-2,950

• Target price: 3,470

PT Pertamina Geothermal Energy Tbk (PGEO)

• Recommendation: Buy on Weakness

• Buy area: 950-1,000

• Target price: 1,150

PT Telekomunikasi Indonesia Tbk (TLKM)

• Recommendation: Buy on Weakness

• Buy area: 2,900-3,000

• Target price: 3,260