Flooring Guide by Cinvex — JAKARTA: The research team at MNC Sekuritas warns that the Jakarta Composite Index (JCI) remains vulnerable to a correction during trading on Monday (May 11, 2026), despite a modest recovery over the past week. Amid the cautious market outlook, the brokerage has highlighted AADI and BULL as top stock picks for the start of the week.
Market sentiment remains pressured as the JCI closed Friday (May 8, 2026) with a 2.86% decline to 6,969, reflecting mounting selling pressure. Although the index managed a slight weekly gain of 0.18%, the prevailing negative momentum continues to influence investor behavior.
From a technical standpoint, analysts suggest that the JCI is currently navigating either the latter stage of wave [v] from wave A (black label) or the initial phase of wave B from wave (2) (red label). MNC Sekuritas projects that in a worst-case scenario, the index could correct toward the 6,645—6,838 range, while a best-case scenario could see it testing the 7,207—7,418 resistance levels.
For the upcoming session, the JCI is expected to face support at 6,921 and 6,838, while immediate resistance stands at 7,207 and 7,332.
Here are the stock recommendations from MNC Sekuritas for Monday, May 11:
- AADI – Buy on Weakness
Following a 3.33% decline to 9,425, AADI is currently facing significant selling pressure. Technical indicators suggest the stock is moving within 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 - BULL – Buy on Weakness
BULL recently saw a 4.84% correction to Rp472 amid rising selling pressure. Technically, the stock appears to be approaching the final phase of wave (1) of wave [C].
Entry Level: Rp438—Rp464
Target Price: Rp505, Rp545
Stoploss: Rp432 - INCO – Buy on Weakness
INCO experienced a significant 13.89% drop to Rp5,425, accompanied by strong selling volume. Current analysis places the stock in the midst of wave v of wave (i).
Entry Level: Rp5,125—Rp5,350
Target Price: Rp5,925, Rp6,175
Stoploss: Rp5,050 - MAPA – Buy on Weakness
Despite a 5.60% gain to Rp660 supported by buying volume, MAPA faces resistance near the MA60 and MA200 clusters. Technically, the stock is seen 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 any securities. All investment decisions are the sole responsibility of the reader. Bisnis.com is not liable for any losses or gains arising from the use of this information.
Summary
MNC Sekuritas projects that the Jakarta Composite Index (JCI) faces continued downward pressure for the trading session on Monday, May 11, 2026. Despite a minor weekly gain, the index remains volatile after closing at 6,969 on Friday, with technical analysis suggesting potential support levels between 6,838 and 6,921. Analysts anticipate the index could undergo further correction, though it may test resistance levels between 7,207 and 7,418 in a best-case scenario.
In response to these market conditions, MNC Sekuritas has issued “Buy on Weakness” recommendations for four stocks: AADI, BULL, INCO, and MAPA. Investors are advised to monitor the specified entry, target, and stop-loss levels for each equity as they navigate the current technical patterns. Please note that these recommendations are for informational purposes, and all investment decisions remain the sole responsibility of the individual investor.