Caution! IHSG Projected to Reverse into Correction, Check Out 5 Potential Profitable Stock Recommendations from Analysts

The Composite Stock Price Index (IHSG) has the potential to reverse and fall during Tuesday’s trading session on 5 May 2026. Previously, the IHSG strengthened by 0.22% to the level of 6,971.95. Analyst from Binaartha Sekuritas, Ivan Rosanova, stated that the IHSG experienced limited strengthening on Monday, 4 May 2026. He said that the movement is still below the 7,126 level as the nearest crucial resistance. “The previous downward trend could continue towards 6,727 if the IHSG remains below 7,126,” said Ivan, quoted from his daily research on Tuesday, 5 May 2026. The IHSG support points are at levels 6,838, 6,727, and 6,587. Meanwhile, the resistance points are in the areas of 7,126, 7,277, 7,403, and 7,582. Furthermore, Ivan revealed recommendations for potential profitable stocks that are attractive for investors to monitor throughout today’s trading session. PT Barito Pacific Tbk (BRPT) - Recommendation: Trading Buy - Buy area: 1,730-1,830 - Target price: 1,980 PT Elang Mahkota Teknologi Tbk (EMTK) - Recommendation: Trading Buy - Buy area: 780-790 - Target price: 930 PT GoTo Gojek Tokopedia Tbk (GOTO) - Recommendation: Sell on Strength - Sell area: 60-63 PT Japfa Comfeed Indonesia Tbk (JPFA) - Recommendation: Buy on Weakness - Buy area: 2,230-2,270 - Target price: 2,650 PT Merdeka Battery Materials Tbk (MBMA) - Recommendation: Speculative Buy - Buy area: 590-620 - Target price: 740