The Composite Stock Price Index (IHSG) is projected to continue correcting in Tuesday's trading (April 28, 2026) due to selling pressure. It previously closed down 0.32 percent at 7,106.52. Binaartha Sekuritas analyst Ivan Rosanova recommends five potential stocks for investors to watch.
Jakarta (4/28) - The Composite Stock Price Index (IHSG) is projected to face further declines in Tuesday's trading session due to ongoing selling pressure. On Monday, it closed down 0.32 percent at 7,106.52.
Ivan Rosanova of Binaartha Sekuritas stated that selling pressure may persist if the IHSG remains below its minor resistance of 7,277. "The nearest correction target is to test the Fibonacci support at 7,042 while fully filling the gap area created on April 8," Ivan said in his daily research.
He set support levels at 7,042, 6,838, and 6,727, with resistances at 7,277, 7,403, and 7,582. Additionally, Ivan highlighted several issuers with potential for solid performance, including PT Adaro Andalan Indonesia Tbk (AADI) with a Trading Buy recommendation in the 10,400-10,650 buy zone and a target of 11,525.
Other recommendations include PT Indosat Tbk (ISAT) Speculative Buy at 1,770-1,840 targeting 2,130; PT Japfa Comfeed Indonesia Tbk (JPFA) Buy on Weakness at 2,400-2,460 toward 2,790; PT Medco Energi Internasional Tbk (MEDC) at 1,610-1,650 with a target of 1,810; and PT Perusahaan Gas Negara Tbk (PGAS) at 1,830-1,870 aiming for 1,995.
