KONTAN.CO.ID - JAKARTA. In the realm of Indonesia's capital markets, all eyes are on the IDX Composite Stock Price Index (IHSG), poised to potentially ascend in today's trading session on April 1st.

As a reminder, Thursday's trading on March 28th witnessed the IHSG closing down by 21.27 points or 0.29%, settling at 7,288.81.

According to William Hartanto, esteemed Capital Market Observer and Founder of WH-Project, the IHSG is primed to exhibit a strengthening trend, projected to hover between 7,280 and 7,377 in today's trading, marking the start of a new month.

Analyzing the technical aspects, William pointed out that the IHSG adeptly upheld the MA60 support during last weekend's trading, a move accentuated by the formation of a hammer pattern, indicative of robust buying potential. This scenario, he asserted, presents an opportune moment for a rebound as April unfolds.

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Moreover, the preceding trading session saw a surge in declining stocks, attributed to investors offloading shares impacted by the full call auction. However, William noted that despite this, the movement of said stocks exerted negligible influence on the IHSG's trajectory.

"The IHSG's own movement dictates whether the surge in declining stocks foreshadows a downtrend," William elucidated in his research report dated Sunday, March 31st.

Delving deeper into last week's trading dynamics, William highlighted the IHSG's maintenance of the 7,280 support level, concurrently serving as the pivotal MA60, which holds sway over the index's potential downtrend. Consequently, the index's current stance doesn't warrant pessimism regarding a downtrend.

"While the situation appears relatively stable, the presence of a full call auction necessitates cautious stock selection. Opt for safer bets, while exploring trading or investment opportunities cautiously," William advised.

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For investors keen on technically intriguing stocks to monitor in today's trading, the following recommendations are presented:

1. PT Gajah Tunggal Tbk (GJTL)

Analysis: Trend following with a strengthening candlestick position above MA5 and MA20.

• Recommendation: Buy
• Support: Rp 1,190
• Resistance: Rp 1,305

2. PT Metrodata Electronics Tbk (MTDL)

Analysis: Confirmation of symmetrical triangle pattern at 580 (now becomes new support).

• Recommendation: Buy
• Support: Rp 580
• Resistance: Rp 610

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3. PT Charoen Pokphand Indonesia Tbk (CPIN)

Analysis: Rounding top pattern but the price position remains above MA20, technically still in a strengthening trend as long as it remains above Rp 5,100.

• Recommendation: Buy
• Support: Rp 5,100
• Resistance: Rp 5,550

4. PT Delta Dunia Makmur Tbk (DOID)

Analysis: The price position is in the middle of support and resistance, the trend is strengthening but not supported by volume.

• Recommendation: Wait and see
• Support: Rp 400
• Resistance: Rp 432

Editor: Hasbi Maulana