The Jakarta Composite Index on Wednesday (28/4) has the potential to move higher.

Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama said, based on the Fibonacci ratio, the minimum support and resistance is at 5,940.99 and 5,989.51.

"The movement of the index is still in the middle to lower range in a rectangle area, so the chance for a strengthening is still wide open," he said in his research on Tuesday (27/4).

For stock recommendations that investors can consider, among others, PT Ace Hardware Indonesia Tbk (ACES), PT AKR Corporindo Tbk (AKRA), PT Arwana Citramulia Tbk (ARNA), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank CIMB Niaga Tbk (BNGA).