IHSG Rebound Opportunity Opens Following Sharp Decline; Analysts Recommend Five Promising Stock Picks

The Indonesian Composite Index (IHSG) showed signs of recovery during Tuesday, 10 March 2026 trading session. The opportunity for strengthening emerged after the index was corrected sharply by 3.27 per cent to 7,337.36.

Binaartha Sekuritas analyst Ivan Rosanova stated that the IHSG indicates potential for rebound after testing the support cluster area of 7,105–7,140 on Monday, 9 March 2026. This signal was reinforced by the formation of a hammer candlestick pattern.

“Resistance at 7,765 will be decisive, where a break above it is expected to confirm a trend reversal,” Ivan said in his daily research on Tuesday, 10 March 2026.

The IHSG’s resistance points are located at 7,765, 8,098, and 8,363, whilst support levels are at 7,106, 6,900, and 6,744.

Furthermore, Ivan forecasted that a number of listed companies would demonstrate positive performance during today’s trading session. The following are five recommended stocks with promising profit potential worthy of investor consideration:

PT Merdeka Battery Materials Tbk (MBMA)

• Recommendation: Speculative Buy

• Buying Area: 600–630

• Price Target: 800

PT Medco Energi Internasional Tbk (MEDC)

• Recommendation: Hold

• Price Target: 2,080

PT Perusahaan Gas Negara Tbk (PGAS)

• Recommendation: Buy on Weakness

• Buying Area: 1,960–2,030

• Price Target: 2,200

PT Bukit Asam Tbk (PTBA)

• Recommendation: Trading Buy

• Buying Area: 2,700–2,780

• Price Target: 3,140

PT Unilever Indonesia Tbk (UNVR)

• Recommendation: Trading Buy

• Buying Area: 1,800–1,840

• Price Target: 2,040