Jakarta Composite Index JCI closed down 0.86% at the 6,394.13 level on Wednesday's trading (08/19/26), after moving in a range of 6,373.81 – 6,490.91. Foreign investors recorded a net sell of Rp488.49 billion in the Regular Market, though across all markets they booked a net buy of Rp933.53 billion. Technically, JCI pulled back after earlier testing the 6,490 – 6,500 resistance area, closing to form a bearish candle. However, JCI still held above the EMA10 (6,355.58), EMA20 (6,294.17), and EMA50 (6,286.34), so the short-term trend remains relatively positive. The RSI (14) stood at 57.67, still above the neutral level of 50, indicating bullish momentum remains intact though starting to weaken after the index failed to continue strengthening. Should JCI fail to break back through 6,490 – 6,500, the pullback could potentially continue toward 6,377 – 6,355, with the next support at 6,294 – 6,286, the EMA20 and EMA50 area. As long as that area can be maintained, the chance of JCI retesting the 6,490 – 6,500 resistance remains open. Conversely, should JCI manage to break through 6,500, the strengthening could potentially continue toward 6,723. With the index still positioned above all major EMAs and the RSI in positive territory, a buy on weakness strategy can still be considered around 6,355 – 6,294, while weakness below 6,286 would signal increasing risk of further correction. ADVISE: Buy on weakness or trading buy. Stockpick: PSAB, PTBA, RMKE, SSIA.