JCI Has Potential to Reach 8,596 Despite Correction Risk: Five Analyst Stock Picks for Potential Gains

Jakarta, VIVA — The Jakarta Composite Index (JCI) is projected to continue its upward trend during trading on Thursday, 19 February 2026. Previously, the JCI closed sharply higher at 8,310.22 after surging 1.19 per cent.

Binaartha Sekuritas analyst Ivan Rosanova said the JCI would test the SMA-20 line on the daily chart. However, the prospect of a rally is overshadowed by the possibility of a correction that could test the nearest support at 8,071 should the domestic index remain below the SMA-20 line.

“There is potential to continue the upward trend towards 8,596 if the daily close is above it,” Ivan said, as quoted from the daily research note on Thursday, 19 February 2026.

Ivan placed JCI support levels at 8,071, 7,803, 7,617 and 7,362, whilst resistance levels were set at 8,377, 8,596 and 8,837.

Furthermore, Ivan identified a number of issuers expected to deliver solid performance. The following are five stock recommendations with potential gains worth monitoring for investors.

PT Astra International Tbk (ASII) - Recommendation: Buy on Weakness - Buy area: 6,000–6,200 - Target price: 7,100

PT Bank Central Asia Tbk (BBCA) - Recommendation: Buy on Weakness - Buy area: 7,000–7,150 - Target price: 8,175

PT Bank Negara Indonesia (Persero) Tbk (BBNI) - Recommendation: Accumulative Buy - Buy area: 4,200–4,300 - Target price: 4,730

PT Barito Pacific Tbk (BRPT) - Recommendation: Trading Buy - Buy area: 2,050–2,100 - Target price: 2,390

PT Elang Mahkota Teknologi Tbk (EMTK) - Recommendation: Trading Buy - Buy area: 910–950 - Target price: 1,040