Phintraco Sekuritas projects that the Composite Stock Price Index (IHSG) will test the range of 6,800 to 7,000 this week. The index is expected to move within resistance at 7,200, a pivot level of 7,000, and support at 6,800.

The firm also recommends five stocks considered attractive for accumulation, including MEDC.

In its analysis, Phintraco Sekuritas noted that Wall Street indices closed lower on Friday (March 27, 2026) and have now entered a correction phase for five consecutive weeks. This decline was driven by a renewed increase in crude oil prices amid uncertainty surrounding negotiations to end the conflict between the United States and Iran.

Furthermore, the Nasdaq Composite has officially entered correction territory, defined as a decline of 10% or more from its peak. Brent crude prices rose 4.22% to US$112 per barrel, while WTI crude increased 5.46% to US$99 per barrel.

“These represent the highest closing levels since July 2022,” Phintraco Sekuritas stated in its research report on Monday (March 30, 2026).

The firm explained that uncertainty over the continuation of US-Iran negotiations has pushed oil prices higher again, despite Iran allowing several vessels to pass through the Strait of Hormuz.

US President Donald Trump has extended the deadline for a potential strike on Iran until April 6, 2026. However, reports of an additional deployment of 10,000 US troops have heightened concerns about a prolonged conflict. Meanwhile, attacks by Yemen’s Houthi group on Israel have further escalated tensions.

Global Economic Slowdown

Phintraco Sekuritas warned that a prolonged Iran conflict could impact not only prices but also the availability of crude oil. Several countries, particularly in Asia, have already reported fuel shortages.

“If this situation persists and expands, it could lead to a global economic slowdown and increase the risk of stagflation,” the firm added.

On the domestic front, Phintraco Sekuritas highlighted that several key economic indicators will be released on Wednesday (April 1, 2026), including the S&P Global Manufacturing PMI, trade balance, and inflation data. In addition, the Indonesia Stock Exchange is set to revise its special monitoring board regulations in the second quarter of 2026.

“Amid the upcoming long weekend and the approaching US strike deadline, investors are expected to adopt a cautious stance if no positive developments emerge this week. The IHSG is likely to retest the 6,800–7,000 range,” Phintraco Sekuritas concluded.

The five stocks recommended by the firm are MEDC, ENRG, PTRO, ANTM, and CUAN.