Jakarta Composite Index JCI closed down 1.20% at 6,298.61 in Thursday's (24/09) trading. Foreign investors booked a net sell of Rp1.42 trillion in the regular market, bringing the accumulated YTD net sell to Rp104.39 trillion. Technically, JCI closed lower and remains below the EMA10, EMA20, and EMA50, so short-term bearish pressure remains dominant. JCI is currently around the 61.80% Fibonacci retracement at 6,290.10, while the nearest resistance is in the 6,377 – 6,423 area. RSI (14) is at 40.09, still below the 50 level, indicating bullish momentum has not yet formed. If the 6,290 level is breached again, corrective pressure could continue toward 6,253 – 6,219 / 6,186. Conversely, a rebound needs to return JCI above 6,377 – 6,423, then 6,451 as the next resistance. KIWOOM RESEARCH recommends wait & see for now or applying a trailing stop. ADVISE: Wait & see or set your trailing stop. Stockpick: AKRA, HRTA, INDF, TAPG.