JCI Projected to Extend Correction, Check Out 5 Potential Profitable Stock Recommendations from Analysts

Jakarta, VIVA - The Jakarta Composite Index (JCI) has the potential to continue its downward trend until it reaches the 7,200 area during Friday’s trading session, 24 April 2026. Previously, the JCI closed down 2.16% at the level of 7,378.60.

Binaartha Sekuritas analyst Ivan Rosanova stated that the JCI has broken below the minor support of 7,488. This condition confirms that the correction wave b has the potential to test the Fibonacci support area of 7,244-7,345.

“The daily close below 7,244 should be anticipated as a possibility of correction extension to the gap area of 7,022-7,118,” stated Ivan’s projection quoted from his daily research on Friday, 24 April 2026.

The JCI support points are in the 7,244, 7,042, and 6,838 areas. Meanwhile, resistance points are at levels 7,647, 7,779, 7,856, and 8,000.

Furthermore, Ivan revealed issuers that have a high chance of solid performance in today’s trading session. Here are the recommended stocks with potential profits that are attractive for investors to monitor.

PT Sumber Alfaria Trijaya Tbk (AMRT)

• Recommendation: Hold

• Target price: 1,640

PT Bank Central Asia Tbk (BBCA)

• Recommendation: Buy on Weakness

• Buy area: 6,200-6,300

• Target price: 6,850

PT Bumi Resources Tbk (BUMI)

• Recommendation: Hold

• Target price: 284

PT Elang Mahkota Teknologi Tbk (EMTK)

• Recommendation: Trading Buy

• Buy area: 850-860

• Target price: 930

PT Merdeka Battery Materials Tbk (MBMA)

• Recommendation: Hold

• Target price: 740