JCI Projected to Target 7,200s, Check 5 Analyst's Recommended Stocks

The Composite Stock Price Index (JCI) is projected to extend its strengthening trend during today’s trading session on Wednesday, 6 May 2026. The JCI’s last position stood at 7,057.10, thanks to a 1.22 per cent surge at the close of trading on Tuesday, 5 May 2026.

Analyst from Binaartha Sekuritas, Ivan Rosanova, stated that the JCI’s movement has tended to consolidate below the 7,126 level as the nearest resistance over the past two days. This condition indicates that the market remains cautious.

Ivan forecasts that this situation still makes it very possible for the domestic index to continue weakening towards 6,727-6,838. However, he also sees positive signals if the JCI manages to surge above its nearest resistance point.

“The JCI will open the way for an extension of the upward trend to 7,277 if it successfully breaks above 7,126 today,” Ivan explained, quoted from his daily research on Wednesday, 6 May 2026.

Meanwhile, the JCI’s support points are at levels 6,838, 6,727, and 6,587. The resistance points are in the areas of 7,126, 7,277, 7,403, and 7,582.

Furthermore, Ivan revealed potential profit-making stock recommendations that are attractive for investors to monitor during today’s trading session, including:

PT Bank Negara Indonesia (Persero) Tbk (BBNI)

• Recommendation: Sell on Strength

• Buy area: 4,000-4,050

• Buyback: 3,400-3,500

PT Indofood CBP Sukses Makmur Tbk (ICBP)

• Recommendation: Speculative Buy

• Buy area: 6,500-6,600

• Target price: 7,150

PT Kalbe Farma Tbk (KLBF)

• Recommendation: Speculative Buy

• Buy area: 750-800

• Target price: 915

PT Merdeka Copper Gold Tbk (MDKA)

• Recommendation: Buy on Weakness

• Buy area: 2,850-2,950

• Target price: 3,270

PT United Tractors Tbk (UNTR)

• Recommendation: Buy on Weakness

• Buy area: 26,600-27,500

• Target price: 30,975