JCI Projected to Rise but Vulnerable to Correction: Check 5 Analyst-Recommended Stocks

Jakarta - The Composite Stock Price Index (JCI) has the potential to strengthen, though it is shadowed by the risk of correction during Friday’s trading session, 8 May 2026. The JCI recorded a 1.15 per cent increase to the level of 7,174.32 at the previous session’s close.

Binaartha Sekuritas analyst Ivan Rosanova stated that the JCI has the opportunity to continue the positive trend that has formed since Tuesday, 5 May 2026. However, Ivan urged market participants to be wary of the potential trend change to bearish if the JCI breaks below 7,009.

“The nearest target (for the rise) is to test the resistance level of 7,275,” said Ivan, quoted from his daily research on Friday, 8 May 2026.

Meanwhile, the JCI support points are at levels 7,009, 6,838, 6,727, and 6,587. The resistance points are in the areas of 7,275, 7,403, and 7,497.

Furthermore, Ivan revealed stock recommendations that are attractive for investors to monitor throughout today’s trading session. Here are the stocks predicted to have potential for profit.

PT Alamtri Minerals Indonesia Tbk (ADMR)

• Recommendation: Trading Buy

• Buy area: 1,830-1,840

• Target price: 1,990

PT Vale Indonesia Tbk (INCO)

• Recommendation: Buy on Weakness

• Buy area: 5,400-5,500

• Target price: 6,650

PT Indofood Sukses Makmur Tbk (INDF)

• Recommendation: Take Profit

• Target price: 7,275

PT Indah Kiat Pulp Paper Tbk (INKP)

• Recommendation: Hold

• Target price: 10,525

PT Pertamina Geothermal Energy Tbk (PGEO)

• Recommendation: Buy on Weakness

• Buy area: 950-975

• Target price: 1,150