JCI Forecast to Extend Correction Amid BI and Fed Policy Meetings, Five Stock Picks for Potential Gains
Jakarta, VIVA — The Jakarta Composite Index (JCI) is projected to extend its correction trend during the Wednesday, 18 February 2026 trading session. Before the extended Lunar New Year holiday, the JCI closed down 0.64 per cent, or 53.08 points, to the 8,212.27 level.
Binaartha Sekuritas analyst Ivan Rosanova said that despite the decline, the JCI's movement remains above the 8,071 minor support level. Ivan noted that a surge above the 8,377 area is highly possible should the JCI hold at 8,071.
"There is an opportunity for a correction towards the 7,800–7,900 area if the JCI breaks below 8,071," Ivan said, as quoted from his daily research note on Wednesday, 18 February 2026.
Senior Market Analyst at PT Mirae Asset Sekuritas Indonesia, M. Nafan Aji Gusta, observed various global and domestic sentiments likely to influence index movements on the day. On the domestic front, market participants are awaiting the outcome of Bank Indonesia's Board of Governors Meeting (RDG), which is expected to show a current account surplus, as well as the ongoing release of corporate financial reports.
On the global front, market participants are awaiting the Federal Reserve minutes scheduled for release on Wednesday local time. The summary will help determine the future direction of the benchmark interest rate policy.
Several Fed officials are also due to speak in the coming days. Meanwhile, the outcome of US-Iran nuclear negotiations in Geneva is also being closely watched by investors.
Furthermore, Ivan set JCI support levels at the 8,071, 7,803, 7,617, and 7,362 areas, whilst resistance levels stand at 8,377, 8,596, and 8,837.
Ivan also identified a number of listed companies with solid performance potential for the day's trading session. The following are five stock recommendations with potential gains worth noting for investors:
PT Pertamina Geothermal Energy Tbk (PGEO)
- Recommendation: Trading Buy
- Buy area: 1,140–1,170
- Target price: 1,280
PT Bukit Asam Tbk (PTBA)
- Recommendation: Speculative Buy
- Buy area: 2,350–2,450
- Target price: 2,580
PT Telekomunikasi Indonesia Tbk (TLKM)
- Recommendation: Trading Buy
- Buy area: 3,400–3,450
- Target price: 3,650
PT United Tractors Tbk (UNTR)
- Recommendation: Hold
- Target price: 32,000
PT Unilever Indonesia Tbk (UNVR)
- Recommendation: Buy on Weakness
- Buy area: 2,010–2,090
- Target price: 2,420
Binaartha Sekuritas analyst Ivan Rosanova said that despite the decline, the JCI's movement remains above the 8,071 minor support level. Ivan noted that a surge above the 8,377 area is highly possible should the JCI hold at 8,071.
"There is an opportunity for a correction towards the 7,800–7,900 area if the JCI breaks below 8,071," Ivan said, as quoted from his daily research note on Wednesday, 18 February 2026.
Senior Market Analyst at PT Mirae Asset Sekuritas Indonesia, M. Nafan Aji Gusta, observed various global and domestic sentiments likely to influence index movements on the day. On the domestic front, market participants are awaiting the outcome of Bank Indonesia's Board of Governors Meeting (RDG), which is expected to show a current account surplus, as well as the ongoing release of corporate financial reports.
On the global front, market participants are awaiting the Federal Reserve minutes scheduled for release on Wednesday local time. The summary will help determine the future direction of the benchmark interest rate policy.
Several Fed officials are also due to speak in the coming days. Meanwhile, the outcome of US-Iran nuclear negotiations in Geneva is also being closely watched by investors.
Furthermore, Ivan set JCI support levels at the 8,071, 7,803, 7,617, and 7,362 areas, whilst resistance levels stand at 8,377, 8,596, and 8,837.
Ivan also identified a number of listed companies with solid performance potential for the day's trading session. The following are five stock recommendations with potential gains worth noting for investors:
PT Pertamina Geothermal Energy Tbk (PGEO)
- Recommendation: Trading Buy
- Buy area: 1,140–1,170
- Target price: 1,280
PT Bukit Asam Tbk (PTBA)
- Recommendation: Speculative Buy
- Buy area: 2,350–2,450
- Target price: 2,580
PT Telekomunikasi Indonesia Tbk (TLKM)
- Recommendation: Trading Buy
- Buy area: 3,400–3,450
- Target price: 3,650
PT United Tractors Tbk (UNTR)
- Recommendation: Hold
- Target price: 32,000
PT Unilever Indonesia Tbk (UNVR)
- Recommendation: Buy on Weakness
- Buy area: 2,010–2,090
- Target price: 2,420