Jakarta Composite Index JCI closed down 0.38% at the 6,436.85 level on Wednesday's trading (09/16/26). Foreign investors booked a net sell of Rp592.05 billion in the regular market, bringing the YTD net sell accumulation to Rp99.70 trillion. Technically, JCI corrected again and closed at the 6,436.85 level, below the EMA10 (6,537) and EMA20 (6,516), and broke below the 38.20% Fibonacci retracement at 6,451. However, JCI still held slightly above the EMA50 (6,430), so the correction pressure has not fully changed the medium-term trend. This position indicates short-term momentum tends to be bearish, with the 6,430 – 6,377 area becoming an important support that needs to be maintained. The RSI (14) fell to 46.23, moving back below the 50 level and indicating bullish momentum is starting to weaken. Should JCI fail to hold above 6,430 – 6,377, correction pressure could potentially continue toward 6,290 (FR 61.80%). Conversely, should a rebound occur, JCI needs to break back through 6,451 – 6,516, followed by 6,537 – 6,552 as the nearest resistance, before testing the 6,723 area. KIWOOM RESEARCH advises investors to wait & see while monitoring JCI's ability to hold above 6,430 – 6,377 as a key support area. Investors who have already profited can apply a trailing stop or gradual profit-taking, while buy accumulation should be done selectively after rebound confirmation appears and JCI breaks back through the nearest resistance area. ADVISE: Wait & see, set your trailing stop or accumulation buy. Stockpick: AADI, DSSA, MBMA, PWON.