Jakarta Composite Index JCI closed up 1.59% at the 6,401.89 level on Friday (08/14), after moving in a range of 6,267.41 – 6,401.89. Foreign investors recorded a net sell of Rp396.50 billion in the Regular Market and Rp1.03 trillion across all markets. Technically, JCI once again managed to break through the 6,377 resistance and stood above the EMA10 (6,324), EMA20 (6,266), and EMA50 (6,275). This condition indicates the short-term bullish trend remains intact and strengthening momentum is rising again after JCI managed to maintain its higher low pattern and break through the nearest resistance. The RSI (14) rose to 59.32, still in neutral-bullish territory and not yet showing overbought conditions, leaving room for further strengthening. If JCI can hold above 6,377, the strengthening could potentially continue toward 6,454, then 6,500 – 6,600 as the next resistance. Conversely, should a correction occur and JCI fail to hold the 6,377 area, the index could potentially test the EMA10 at 6,324, with the next support at 6,275 – 6,266 (EMA50 and EMA20). KIWOOM RESEARCH advises investors to Hold / Accumulate on weakness as long as JCI holds above 6,377, while watching for breakout confirmation toward 6,454. Investors can apply a trailing stop should JCI fall back below 6,377. ADVISE: Hold or accumulate on weakness and set your trailing stop. Stockpick: ENRG, INDF, INDY, TOBA.