KSI Technical Recommendation 09 October 2026

October 09, 2026
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Jakarta Composite Index JCI closed down 1.88% at 6,031.28 on Thursday (08/10), accompanied by foreign investor selling in the regular market of Rp848.28 billion, bringing accumulated YTD net sell to Rp111.13 trillion. Technically, JCI's correction continued, with RSI (14) falling to the 35.5 level. JCI could potentially test support at 5,979, with the next support at 5,898 – 5,887 should that level be breached. Conversely, if it strengthens, JCI has the chance to test resistance at 6,095 – 6,120. KIWOOM RESEARCH recommends a buy-on-weakness strategy while continuing to wait for a confirmed buy signal to re-emerge. ADVISE: Buy on weakness. Stockpick: CDIA, ELSA, MEDC, TAPG.