Jakarta Composite Index JCI closed down 1.51% at 6,147.86 in Monday's (28/09) trading. Pressure was also reflected in foreign investor activity, which recorded a net sell of Rp259.83 billion in the regular market, bringing the accumulated YTD net sell to Rp105.09 trillion. Technically, JCI broke down through the gap/support area. This condition indicates selling pressure remains dominant and short-term momentum tends to be bearish after JCI failed to move back above the dynamic resistance area. RSI (14) fell to 32.92, nearing oversold territory, indicating fairly strong bearish momentum while at the same time opening the possibility of a technical rebound if selling pressure begins to ease. If JCI fails to hold above the 6,112 – 6,148 area, weakness could continue toward 6,033.38 (FR 61.80%) and 5,987. Conversely, if a rebound occurs, JCI needs to break back through 6,186, then 6,227 – 6,241. KIWOOM RESEARCH still recommends waiting and seeing for now while selling pressure continues. ADVISE: Wait & see. Stockpick: AADI, BBCA, MEDC, PSAB.