Jakarta Composite Index JCI closed up 0.40% at the 6,462.43 level on Thursday's trading (09/17). Foreign investors recorded a net buy of Rp152.69 billion in the regular market, although YTD they still booked a net sell of Rp99.55 trillion. Technically, JCI's rebound remained below the EMA10 (6,523) and EMA20 (6,511), but still held above the EMA50 (6,431) and slightly above the 38.20% FR at 6,452. This position indicates short-term momentum tends to be bearish, though the medium-term trend remains relatively intact as long as JCI can hold above the EMA50. The RSI (14) stood at 48.29, back below the 50 level, indicating bullish momentum is starting to weaken. Should JCI fail to hold above support at 6,431 – 6,377, correction pressure could potentially continue toward 6,290 (FR 61.80%). Conversely, should a rebound occur, JCI needs to break back through 6,511 – 6,523, followed by 6,552 – 6,591 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 6,431 – 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: BMRI, MAPA, NCKL, PGEO.