IHSG Projected to Plunge Deeper, Check Out 5 Analyst-Recommended Stocks

The Composite Stock Price Index (IHSG) is projected to correct further during Tuesday’s trading session on 12 May 2026. Previously, the IHSG plunged 0.92 per cent, closing at the level of 6,905.62.

Binaartha Sekuritas analyst Ivan Rosanova stated that the IHSG recorded a lower low again on Monday, 11 May 2026. This indicates that the market is still expanding downwards with volatility tending to increase.

“Currently, the IHSG is retesting support at 6,838 and if breached, there is potential for the IHSG to soon reach the wave v target at 6,727,” Ivan explained in his daily research on Tuesday, 12 May 2026.

The IHSG support levels are at 6,838, 6,727, and 6,587. Meanwhile, resistance levels are in the areas of 7,069, 7,186, 7,284, and 7,403.

Ivan also revealed several issuers with significant potential to deliver positive performance. Here are the recommended stocks that are attractive for investors to monitor.

PT Alamtri Resources Indonesia Tbk (ADRO)

• Recommendation: Buy on Weakness

• Buy area: 2,250-2,350

• Target price: 2,530

PT Sumber Alfaria Trijaya Tbk (AMRT)

• Recommendation: Trading Buy

• Buy area: 1,400-1,440

• Target price: 1,570

PT Aneka Tambang Tbk (ANTM)

• Recommendation: Hold

• Target price: 3,950

PT Bank Rakyat Indonesia (Persero) Tbk (BBRI)

• Recommendation: Buy on Weakness

• Buy area: 3,100-3,150

• Target price: 3,280

PT Bank Mandiri (Persero) Tbk (BMRI)

• Recommendation: Trading Buy

• Buy area: 4,200-4,240

• Target price: 4,500