JAKARTA – The research team at MNC Sekuritas warns that the Composite Stock Price Index (IHSG) remains vulnerable to corrections during trading this Monday (11/5/2026), despite a slight recovery over the past week. Amid this cautious market outlook, the brokerage firm has highlighted AADI and BULL as potential picks for investors.
The IHSG closed down by 2.86% to 6,969 on Friday (8/5/2026), reflecting intensified selling pressure. While the index managed a marginal weekly gain of 0.18%, the prevailing bearish sentiment suggests that volatility may persist in the coming sessions.
Technically, analysts note that the index is currently navigating a complex phase—potentially forming part of wave [v] of wave A of wave (2) in the black label scenario, or the initial stages of wave B of wave (2) under the red label.
“In a worst-case scenario, the IHSG risks correcting further toward the 6,645—6,838 range. However, in our best-case outlook, the index could see a rebound to test resistance levels between 7,207 and 7,418,” MNC Sekuritas stated in its research note on Sunday (10/5/2026).
Analysts currently peg support for the index at 6,921 and 6,838, while placing resistance at 7,207 and 7,332.
Based on these technical assessments, MNC Sekuritas suggests the following stock recommendations for Monday’s trading session:
1. AADI – Buy on Weakness
AADI recently corrected by 3.33% to 9,425 under heavy selling pressure. The stock appears to be in the midst of wave [c] of wave B (black label) or wave [iv] (red label).
Entry Level: Rp9,275—Rp9,425
Target Price: Rp10,225, Rp10,825
Stoploss: Rp9,200
2. BULL – Buy on Weakness
BULL declined by 4.84% to 472 last session as selling pressure emerged. Technically, the stock is entering the final stage of wave (1) of wave [C].
Entry Level: Rp438—Rp464
Target Price: Rp505, Rp545
Stoploss: Rp432
3. INCO – Buy on Weakness
INCO experienced a significant correction of 13.89% to 5,425 amid rising sell volume. Current indicators suggest the stock is in the middle of wave v of wave (i).
Entry Level: Rp5,125—Rp5,350
Target Price: Rp5,925, Rp6,175
Stoploss: Rp5,050
4. MAPA – Buy on Weakness
MAPA gained 5.60% to 660, supported by steady buying volume. Despite the rally, the stock’s upward momentum is currently capped by the MA60 and MA200 clusters. Technically, it is positioned at the start of wave [iii] of wave 3 (black label) or wave (E) triangle (red label).
Entry Level: Rp625—Rp645
Target Price: Rp695, Rp725
Stoploss: Rp605
Disclaimer: This article is for informational purposes only and does not constitute a recommendation to buy or sell securities. Investment decisions remain the sole responsibility of the reader. Rancak Media and its affiliates are not liable for any losses or gains arising from the use of this information.
Summary
The Composite Stock Price Index (IHSG) faces continued vulnerability to market corrections despite a minor weekly recovery, with analysts cautioning that bearish sentiment may persist. Technical assessments suggest the index could fluctuate between support levels of 6,838 and resistance levels of 7,332, depending on prevailing market waves.
To navigate this volatility, MNC Sekuritas recommends a “buy on weakness” strategy for selected stocks, specifically identifying AADI, BULL, INCO, and MAPA as potential opportunities. Investors are advised to carefully monitor entry, target, and stop-loss levels provided for each security while acknowledging the inherent risks of stock market participation.
