JCI Faces More Pressure Today: 4 Stocks Analysts Are Watching

Indonesia’s Jakarta Composite Index entered Thursday’s session under continued technical pressure after falling sharply the previous day.

The JCI closed 1.48% lower at 6,405.69 on Wednesday, August 26, losing nearly 96 points as selling spread across every major sector.

MNC Sekuritas believes the index remains vulnerable to further correction but has identified four individual stocks for tactical trading opportunities: ADRO, BUVA, DSNG and MAPA.

MNC Sees Correction Risk Toward 6,290–6,394

MNC’s technical team places the JCI in wave iv of wave (c).

Under its Elliott Wave scenario, the index could test the 6,290–6,394 correction zone.

If buying returns, however, MNC says an upside move could eventually test approximately 6,666.

Its key levels are:

Support: 6,373 and 6,272
Resistance: 6,599 and 6,705.

The outlook therefore remains two-sided, but short-term downside risk has not disappeared.

BRI Danareksa Is Also Cautious

BRI Danareksa’s latest August 27 report is more conservative than the outlook cited in the original source material.

The brokerage now expects the JCI to trade mixed to negative, with support at 6,340–6,300 and resistance at 6,455–6,550.

Its technical analysts identified an Evening Star formation after the index failed to clear a resistance trendline.

That raises the possibility of a test of the 20-day moving average around 6,340.

The earlier mixed-to-positive forecast with support at 6,455–6,400 came from BRI Danareksa’s August 26 report and should not be treated as its latest August 27 view.

1. ADRO — Buy on Weakness

Alamtri Resources Indonesia, or ADRO, fell 0.76% to IDR2,610 in the previous session as selling pressure emerged.

MNC expects the stock to be in wave iii of wave (c) of wave [v].

Its trading parameters are:

Buy on Weakness: IDR2,540–2,610
Targets: IDR2,700 and IDR2,770
Stop Loss: below IDR2,500.

MNC separately maintains a longer-term fundamental BUY rating on ADRO with a target of IDR3,300, but that equity-research target uses a different methodology and investment horizon from the daily technical trade.

2. BUVA — Buy on Weakness

Bukit Uluwatu Villa, or BUVA, declined 4.73% to IDR705 and remained under selling pressure.

MNC sees the stock in wave [c] of wave B.

The technical plan is:

Buy on Weakness: IDR630–700
Targets: IDR820 and IDR865
Stop Loss: below IDR595.

The proposed entry zone is below the latest closing price, meaning the strategy assumes traders wait for additional weakness rather than chase the stock.

3. DSNG — Trading Buy

Dharma Satya Nusantara, or DSNG, moved in the opposite direction.

The stock gained 0.68% to IDR1,470, supported by buying volume and a break above its 200-day moving average.

MNC places DSNG in wave 5 of wave (A).

Its strategy is:

Trading Buy: IDR1,455–1,465
Targets: IDR1,520 and IDR1,550
Stop Loss: below IDR1,440.

DSNG is the only stock among the four picks carrying a Trading Buy label rather than Buy on Weakness.

4. MAPA — Buy on Weakness

MAP Aktif Adiperkasa, or MAPA, rose 3.05% to IDR675 with stronger buying volume.

MNC estimates the stock is in wave [c] of wave A.

The technical parameters are:

Buy on Weakness: IDR650–675
Targets: IDR700 and IDR720
Stop Loss: below IDR640.

Because the latest close already sits at the top of the suggested entry range, execution and risk control become particularly important in a volatile market.

Summary of MNC’s Stock Picks

Source: MNC Sekuritas, August 27, 2026.

Domestic Risk Is Also Affecting the Market

Wednesday’s decline was not driven by technical factors alone.

MNC said domestic risk appetite weakened ahead of a planned demonstration near Indonesia’s parliament complex on August 27, with investors monitoring whether security conditions remain stable.

The rupiah closed Wednesday near IDR17,712 per US dollar, another variable closely watched by foreign investors.

A weaker currency can reduce dollar-based returns on Indonesian assets and potentially affect portfolio flows.

Some US Data in the Original Brief Is Already Out

The macro calendar in the original source material also requires updating.

July US Core PCE has already been released, rising 0.2% month on month and 3.3% year on year, in line with consensus.

Core durable-goods orders increased 0.4%, below expectations for 0.6%.

According to MNC’s August 27 morning report, the key data still being watched today include China’s July industrial profits, Germany’s September consumer confidence and US initial jobless claims for the week ended August 22.

Oil Is Falling, But Brent Is Not at $82.5

Lower energy prices are providing some relief to global inflation concerns.

Oil extended its decline on Thursday as investors grew more optimistic that talks involving Iran, Oman and Qatar could help restore navigation through the Strait of Hormuz.

The latest Reuters data put Brent around $86.77 a barrel and WTI near $81.10.

That means the $82.5 figure in the original brief is closer to an earlier WTI level rather than the latest Brent price.

Lower crude prices could ease inflation pressure if sustained, although geopolitical risks remain unresolved.

What Should Investors Watch Today?

Both MNC and BRI Danareksa still see downside risk.

MNC’s correction zone begins around 6,394 and extends to 6,290.

BRI Danareksa’s nearer-term support sits around 6,340–6,300.

The common message is that the JCI has not yet decisively escaped its corrective phase.

A short rebound therefore should not automatically be interpreted as confirmation of a new bullish leg.

Bottom Line

The JCI begins August 27 after a 1.48% decline to 6,405.69, with technical analysts maintaining a cautious outlook.

MNC Sekuritas sees possible downside toward 6,290–6,394, while highlighting ADRO, BUVA, DSNG and MAPA as tactical opportunities.

BRI Danareksa’s latest view is also cautious, forecasting mixed-to-negative trading with support at 6,340–6,300 and resistance at 6,455–6,550.

The main takeaway is therefore not that these four stocks are guaranteed to rise.

It is that selective trading opportunities may exist even while the broader Indonesian market remains vulnerable to further correction.