KSI Technical Recommendation 08 October 2026
October 08, 2026
Jakarta Composite Index
JCI closed down 0.75% at 6,146.72. Based on Wednesday's (07/10) trading, foreign investors booked a net sell of Rp828.65 billion, with accumulated YTD net sell reaching Rp110.28 trillion. Technically, JCI reversed into a correction and is below the EMA10, with RSI (14) falling back to the 40 level. JCI is expected to be vulnerable to weakening again toward support at 6,120 / 6,111 and testing 6,053. Conversely, if JCI manages to strengthen, it would retest 6,168 (EMA 21), then 6,252 – 6,292. KIWOOM RESEARCH suggests investors could buy on weakness and wait for a buy signal momentum to reappear.
ADVISE: Buy on weakness.
Stockpick: BIPI, BMRI, ENRG, JPFA.