MNC Sekuritas: JCI May Drop to 6,400, Profit Potential in ASII and TINS

MNC Sekuritas has predicted that the Jakarta Composite Index (JCI) may decline to 6,400 on Monday (March 17, 2025). For today’s trading, JCI is expected to fluctuate within a support range of 6,246-6,361 and resistance at 6,698-6,818.

From a technical standpoint, JCI fell by 1.98% to 6,515, still under significant selling pressure. The index remains vulnerable to a correction toward 6,413-6.464, forming part of wave [b] of wave B.

“After this correction, JCI has the potential to rebound to 6,756-6,850 under the black scenario,” MNC Sekuritas stated in its research on Monday (March 17, 2025).

Amid market fluctuations, MNC Sekuritas recommends profit opportunities in selected stocks, including ASII, CBDK, LSIP, and TINS.

MNC Sekuritas Stock Recommendations

1. ASII - Buy on Weakness
📉 Current Price: Rp 4,620 (-2.23%)
📊 Analysis: ASII remains under selling pressure and is currently positioned in wave [y] of wave 2, making it susceptible to further correction.
✅ Buy on Weakness: Rp 4,500 - Rp 4,600
🎯 Target Price: Rp 4,800, Rp 4,970
â›” Stoploss: Below Rp 4,470

2. CBDK - Spec Buy
📉 Current Price: Rp 6,050 (-2.81%)
📊 Analysis: Currently at the end of wave [iii] of wave 3, suggesting a limited correction with potential upside.
✅ Spec Buy: Rp 5,650 - Rp 5,775
🎯 Target Price: Rp 6,200, Rp 6,375
â›” Stoploss: Below Rp 5,425

3. LSIP - Buy on Weakness
📉 Current Price: Rp 1,120
📊 Analysis: Positioned in wave (iv) of wave [c], indicating a likelihood of further correction.
✅ Buy on Weakness: Rp 1,075 - Rp 1,105
🎯 Target Price: Rp 1,160, Rp 1,195
â›” Stoploss: Below Rp 1,020

4. TINS - Buy on Weakness
📈 Current Price: Rp 1,030 (+6.19%)
📊 Analysis: Although experiencing a surge with strong buying volume, its movement is still constrained by MA200, making it prone to correction toward wave (b).
✅ Buy on Weakness: Rp 955 - Rp 1,000
🎯 Target Price: Rp 1,110, Rp 1,150
â›” Stoploss: Below Rp 880