Flooring Guide by Cinvex — JAKARTA — The Composite Stock Price Index (IHSG) faces potential further corrections, with projections pointing toward the 6,645–6,838 range for today’s trading session, Monday (May 11, 2026). Amid this market volatility, analysts have highlighted several stocks, including AADI, BULL, INCO, and MAPA, as potential opportunities for investors.
MNC Sekuritas’ research team noted that the IHSG closed down 2.86% to 6,969 in last Friday’s session (May 8, 2026) due to intensifying selling pressure. Despite the daily decline, the index managed a modest weekly gain of 0.18%.
Technically, MNC Sekuritas suggests the current index movement remains part of wave [v] of wave A from wave (2) under the black label, or alternatively, the early stages of wave B from wave (2) under the red label.
Read also: IHSG’s False Rebound? Analyzing the Bullish-Bearish Scenarios for the 2026 Capital Market
“In the worst-case scenario, the index is prone to a correction toward the 6,645–6,838 range, while in the best-case scenario, the IHSG may strengthen to test the 7,207–7,418 resistance levels,” the analysts stated in their daily research note released on Monday (May 11, 2026).
For today’s trading, support levels for the IHSG are positioned at 6,921 and 6,838, while resistance levels are identified at 7,207 and 7,323.
Read also: IHSG Vulnerable to Correction: Here Are the Recommended Stocks for Monday, May 11, 2026
To navigate the current market conditions, MNC Sekuritas has identified the following buy-on-weakness opportunities:
AADI – Buy on Weakness
AADI corrected 3.33% to 9,425, driven by significant selling pressure. The stock appears to be in the phase of wave [c] of wave B (black label) or wave [iv] (red label).
- Buy on Weakness: 9,275-9,425
- Target Price: 10,225, 10,825
- Stop Loss: Below 9,200
BULL – Buy on Weakness
BULL experienced a 4.84% correction to 472, accompanied by notable selling pressure. We estimate that BULL is currently in the final stages of wave (1) of wave [C].
- Buy on Weakness: 438-464
- Target Price: 505, 545
- Stop Loss: Below 432
INCO – Buy on Weakness
INCO faced a substantial correction of 13.89% to 5,425, pressured by selling volume. Currently, the stock is estimated to be within wave v of wave (i).
- Buy on Weakness: 5,125-5,350
- Target Price: 5,925, 6,175
- Stop Loss: Below 5,050
MAPA – Buy on Weakness
MAPA rallied 5.60% to 660, supported by buying volume, although its momentum remains constrained by the MA60 and MA200 clusters. The stock is likely in the early stages of wave [iii] of wave 3 (black label) or wave (E) of a triangle (red label).
- Buy on Weakness: 625-645
- Target Price: 695, 725
- Stop Loss: Below 605
Read also: IHSG Posts 0.19% Weekly Gain to 6,969, IDX Daily Transaction Value Reaches IDR 23.06 Trillion
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Summary
The Composite Stock Price Index (IHSG) is expected to face further downward pressure, with analysts projecting a potential correction within the 6,645–6,838 range for the trading session on May 11, 2026. This outlook follows a 2.86% decline in the previous session, where the index closed at 6,969 amid intensified selling pressure. While the market remains volatile, technical analysis suggests that the index could test resistance levels between 7,207 and 7,418 in a best-case scenario.
To navigate this volatility, MNC Sekuritas recommends a “buy-on-weakness” strategy for specific stocks including AADI, BULL, INCO, and MAPA. Each identified stock is positioned within specific technical wave patterns, offering clear targets and stop-loss levels for investors. As always, market participants are reminded that these insights are for informational purposes and should not be considered definitive investment advice.