The Jakarta Composite Index (JCI) closed Tuesday’s trading session on December 16, 2025, higher by 0.43 percent at the level of 8,686.

Despite ending the previous session in positive territory, MNC Sekuritas projects that the JCI may face initial downside pressure in Wednesday’s trading on December 17, 2025.

According to MNC Sekuritas, the JCI is currently positioned at the early stage of wave [iv] within wave 5 on the black label. Based on this structure, the index is considered vulnerable to a short-term correction to test the 8,464–8,560 range while filling a minor gap area.

In the worst-case scenario, MNC Sekuritas believes the JCI has completed wave (1) and could experience a deeper correction toward the 8,000 level.

For today’s session, MNC Sekuritas identifies JCI support levels at 8,553–8,493, while resistance is projected to lie between 8,714 and 8,821.

Amid expectations of a potential decline, MNC Sekuritas highlights four stock picks—ADRO, BRIS, JPFA, and TOWR—with the following details:

1. ADRO – Speculative Buy
ADRO slipped 1.1 percent to 1,805, accompanied by selling pressure. As long as the price remains above the 1,765 stoploss level, ADRO is considered to be at the early phase of wave C from wave (A).

Entry: Spec Buy 1,780–1,805
Target Price: 1,855–1,960
Stoploss: below 1,765

2. BRIS – Buy on Weakness
BRIS declined 2.18 percent to 2,240, with selling pressure still evident. MNC Sekuritas noted that BRIS is currently moving within part of wave (iv) from wave [c] on the black label.

Entry: Buy on Weakness 2,190–2,240
Target Price: 2,380–2,450
Stoploss: below 2,150

3. JPFA – Buy on Weakness
JPFA corrected to 2,650 while showing signs of buying volume. MNC Sekuritas stated that JPFA is positioned within wave [v] of wave 5 from wave (3).

Entry: Buy on Weakness 2,610–2,650
Target Price: 2,870–2,970
Stoploss: below 2,570

4. TOWR – Speculative Buy
TOWR dropped 4.39 percent to 545, accompanied by selling pressure. MNC Sekuritas estimates that TOWR is currently at the early stage of wave (c) from wave [iii] of wave C.

Entry: Spec Buy 530–545
Target Price: 580–625
Stoploss: below 525