KSI Technical Recommendation 07 October 2026
October 07, 2026
Jakarta Composite Index
JCI closed up 1.21% at 6,192.93 in Tuesday's (06/10) trading, even though foreign investors recorded a net sell of Rp597.49 billion in the regular market. On a YTD basis, accumulated foreign net sell reached Rp109.45 trillion. Technically, JCI successfully broke out of its resistance trendline and is trading above the EMA10. RSI (14) rose again to 43, with bullish momentum returning. If JCI has the opportunity to strengthen again, it could continue testing 6,263 (EMA 20), then 6,328 – 6,334. Conversely, if it weakens again, JCI would return to support at 6,173 / 6,120 and test 6,095. KIWOOM RESEARCH suggests investors could accumulate and hold, while remaining cautious in the event of a trend reversal.
ADVISE: Accumulation and hold.
Stockpick: INCO, INDF, RAJA, SSIA.