JCI Vulnerable to Correction After 2.34% Rally, Check Out 5 Analyst-Recommended Stock Picks

Jakarta - The Composite Stock Price Index (JCI) is projected to be vulnerable to a reversal and weakening in trading on Wednesday, 15 April 2026. The JCI successfully recorded a rapid increase of 2.34 per cent to the level of 7,675.91 at the previous market close.

Analyst from Binaartha Sekuritas, Ivan Rosanova, explained that the JCI has moved up to the 50 per cent Fibonacci retracement from the last downtrend structure. Based on this position, Ivan estimates that the domestic index will enter a downward trend.

“There are indications of bearish divergence on the 5-minute chart that need to be anticipated as a potential start to the correction phase in the near future,” said Ivan, quoted from his daily research on Wednesday, 15 April 2026.

Ivan sets the JCI support points in the areas of 7,261, 7,015, and 6,838. Meanwhile, the resistance points are at levels 7,677, 7,856, 8,000, and 8,111.

Furthermore, Ivan assesses that several issuers have the opportunity to perform solidly in today’s trading. Here are the recommended stocks with potential gains that are worth considering for investors.

PT Adaro Andalan Indonesia Tbk (AADI)

• Recommendation: Buy on Weakness

• Buy area: 9,300-9,450

• Target price: 12,000

PT Astra International Tbk (ASII)

• Recommendation: Buy on Weakness

• Buy area: 5,600-5,700

• Target price: 6,400

PT Bank Central Asia Tbk (BBCA)

• Recommendation: Buy on Weakness

• Buy area: 6,200-6,300

• Target price: 6,850

PT Bank Negara Indonesia (Persero) Tbk (BBNI)

• Recommendation: Hold

• Target price: 3,970

PT Indofood CBP Sukses Makmur Tbk (ICBP)

• Recommendation: Speculative Buy

• Buy area: 6,900-7,050

• Target price: 7,500