IHSG Projected to Rebound After 3 Per Cent Decline, Analysts Disclose 5 High-Potential Stock Recommendations

The Indonesian Composite Index (IHSG) is projected to rebound during today’s trading session on Monday, 16 March 2026. The IHSG closed down 3.05 per cent at 7,137.21.

Binaartha Sekuritas analyst Ivan Rosanova stated that the IHSG will retest the support area of 7,105–7,140. The worst-case scenario involves an extension of wave (c) towards 6,744 if there is a breach below 6,991.

“As long as the weekly close remains at 7,140 or higher, a trend reversal can occur soon,” Ivan said in his daily research on Monday, 16 March 2026.

The IHSG’s support points are located at 7,106, 6,900 and 6,744. Meanwhile, resistance points are at 7,338, 7,585, 7,765 and 8,098.

Ivan also disclosed five high-potential stock recommendations that investors should monitor during today’s trading session:

PT Indosat Tbk (ISAT)

• Recommendation: Buy on Weakness

• Buy Zone: 1,780–1,940

• Price Target: 2,260

PT Medco Energi Internasional Tbk (MEDC)

• Recommendation: Buy on Weakness

• Buy Zone: 1,550–1,600

• Price Target: 1,750

PT Pertamina Geothermal Energy Tbk (PGEO)

• Recommendation: Speculative Buy

• Buy Zone: 870–930

• Price Target: 1,040

PT Telekomunikasi Indonesia Tbk (TLKM)

• Recommendation: Buy on Weakness

• Buy Zone: 2,800–2,900

• Price Target: 3,230

PT United Tractors Tbk (UNTR)

• Recommendation: Trading Buy

• Buy Zone: 27,000–27,500

• Price Target: 30,000