Technical research from Ciptadana Sekuritas Asia recommended shares of AMMN, BBCA, INKP, and SMGR as short-term trading picks for May 18, 2026. Technically, the IHSG is still expected to remain under pressure despite having limited rebound potential.

Summary of Stock Recommendations for May 18, 2026 (Rp)

Source: research by Ciptadana Sekuritas Asia

1. AMMN - Rebound Opportunity

AMMN shares declined 9.09 percent and closed at Rp3,700 on May 13, 2026. Technically, the stock remains in a strong bearish trend after decisively breaking below the important support levels of Rp4,510 and Rp3,900, confirming continued selling pressure.

The price is currently trading far below medium-term moving averages, while momentum indicators still reflect seller dominance. However, the stochastic oscillator has entered a deep oversold zone, indicating that the decline may have become excessive and opening room for a short-term technical rebound.

The recommendation is speculative buy at Rp3,700 with a stop loss at Rp3,550 and a take-profit target of Rp3,900.

2. BBCA - Rebound Opportunity

BBCA shares slipped 0.41 percent and closed at Rp6,100 on May 13, 2026. The stock is currently moving sideways in a consolidation phase after experiencing a prolonged downtrend, with prices fluctuating within the Rp5,800–Rp6,350 range.

The stock has begun showing signs of stabilization near the Rp5,800 support area, while recent candlestick patterns indicate easing selling pressure. Downward momentum has also slowed significantly, suggesting that the market is entering a consolidation phase rather than continuing a sharp decline.

Entry is recommended if the price successfully breaks out above Rp6,200, with a stop loss at Rp6,000 and a profit target of Rp6,400.

3. INKP - Rebound Opportunity

INKP shares rose 0.84 percent and closed at Rp9,000 on May 13, 2026. The stock is currently testing a key support area around Rp8,650–Rp8,700 after experiencing a gradual correction from its peak near Rp10,475.

Technically, the stock remains in a medium-term uptrend because prices are still holding above the long-term ascending trendline. The stochastic indicator is approaching the oversold zone and beginning to flatten, signaling weakening selling pressure.

The recommendation is speculative buy at Rp9,000 with a stop loss at Rp8,650 and a take-profit target of Rp9,500.

4. SMGR - Rebound Opportunity

SMGR shares gained 0.84 percent and closed at Rp2,070 on May 13, 2026. The stock is moving sideways in a consolidation phase following a sharp correction from the Rp3,260 area, with prices stabilizing near the psychological support zone of Rp2,000–Rp2,070.

Technically, the stock has begun showing signs of a rebound, indicated by the stochastic oscillator turning upward from the oversold zone and prices holding above the short-term ascending trendline. A successful rebound could potentially push prices toward the Rp2,180–Rp2,290 resistance range, while a breakout above Rp2,460 may confirm a broader bullish reversal.

Entry is recommended if the price breaks out above Rp2,100 with a stop loss at Rp2,020 and a take-profit target of Rp2,180.

The IHSG closed down 1.98 percent or 136 points at 6,723 during trading on Friday (13/5/2026). The decline was triggered by selling pressure in the basic materials, infrastructures, and energy sectors, with TPIA, BREN, and BBRI becoming the main drags on the index.

Foreign investors recorded net selling of Rp1.5 trillion, while the rupiah strengthened by 35 points to Rp17,465 per US dollar.

Technically, the IHSG continues to form lower highs and lower lows while trading below the MA55 level, confirming the dominance of bearish momentum. The index has also broken below several key Fibonacci support levels, reinforcing medium-term bearish signals.

The stochastic oscillator has started entering the oversold zone, creating opportunities for a short-term technical rebound or relief rally. However, as long as the IHSG remains unable to reclaim the 7,370–7,570 resistance zone, the overall market trend is still considered weak and the risk of further decline remains open.

For trading on May 18, 2026, the IHSG is projected to move within the 6,700–6,859 range amid continued high market volatility.

Conclusion

The recommendations for AMMN, BBCA, INKP, and SMGR reflect short-term trading opportunities amid ongoing pressure on the IHSG. The index remains in a correction phase, although several stocks have begun showing oversold conditions that could open room for a technical rebound.

Investors are currently monitoring the 6,700 area as the main support level for the IHSG. As long as the index cannot return above the medium-term resistance zone of 7,370–7,570, market volatility is expected to remain elevated.