IHSG Successfully Rebounds, Analysts Reveal Next Direction for IHSG
The Jakarta Composite Index (IHSG) soared 3.39% in trading on Wednesday (8/4/2026). So, will this strengthening continue in the coming period?
The IHSG closed at 7,207.16, up 236.13 points from the previous session. A total of 566 stocks rose, 134 fell, and 114 were unchanged, with trading value reaching Rp 12.99 trillion from 26.86 billion shares in 1.44 million transactions.
Alongside this strengthening, the Indonesia Stock Exchange’s market capitalisation also rose to Rp 12,646 trillion. This increase reflects the return of investor buying interest amid improving global sentiment.
Head of Retail Research at MNC Sekuritas, Herditya Wicaksana, stated that the IHSG’s strengthening is still in line with the previously conveyed technical projections. Additionally, the index’s movement aligns with the strengthening of regional Asian stock markets.
From a sentiment perspective, he noted the ceasefire plan between the United States and Iran and the reopening of the Strait of Hormuz as positive catalysts. On the other hand, the domestic market is still overshadowed by inflation concerns and fiscal risks.
“The current support is at 7,022 and resistance at 7,274, as we stated in the technical report that the IHSG still has two possible scenarios. If it can still hold above 7,022 or above 6,917 as the crucial support, then the IHSG still has the opportunity to strengthen first to 7,323 as the nearest target,” explained Didit to CNBC Indonesia on Wednesday (8/4/2026).
Meanwhile, Founder of Stocknow.id, Hendra Wardana, assessed that the IHSG’s surge was triggered by positive short-term global sentiment. The easing of geopolitical tensions between the United States and Iran became the main factor driving the market rally.
However, this strengthening is deemed to require a prudent response. Technically, as long as the IHSG can hold above 7,200, the opportunity for an increase to the 7,323 resistance area remains open.
If that level is breached with strong volume, the potential for further strengthening towards 7,527 becomes increasingly valid. This indicates that the IHSG is attempting to build a more solid rebound momentum.
“Sudden statements can reignite volatility in the global market, so the current rally still has the potential to be temporary or a technical rebound, not a fully solid long-term upward trend,” he explained.
Therefore, investors are advised to remain selective and disciplined in taking positions. This momentum can be utilised for short-term trading while still applying strict risk management.
Excessive euphoria risks leading investors to enter at peak prices. Moreover, the current market conditions are still heavily influenced by fluctuating global sentiment.