Jakarta Composite Index JCI closed down 1.33% at 5,863.78 in Thursday's (15/10) trading, amid market pressure that was also marked by a weakening Rupiah, which broke through Rp18,029 per US Dollar. Nonetheless, foreign investors still recorded a net buy of Rp520.03 billion in the regular market and Rp567.96 billion across all markets. Technically, JCI is currently testing support at the 5,828 level, with RSI (14) falling to 30.4, indicating conditions nearing oversold. If it can hold above that level, JCI has the chance of a rebound toward resistance at 5,910, 5,943, and 5,973. Conversely, if support at 5,828 is breached, corrective pressure could continue to close the gap in the 5,805 – 5,744 and 5,704 – 5,695 areas, with the 5,700 level becoming the next psychological support. If that level is also broken, JCI risks weakening further toward 5,300, which is the previous low area. KIWOOM RESEARCH recommends a buy on weakness strategy or a wait and see approach if upward momentum has not yet appeared. JCI is expected to move sideways to correct more deeply, while foreign selling pressure and volatility could continue amid uncertainty over Indonesia's MSCI status. ADVISE: Buy on weakness or wait & see. Stockpick: AKRA, AMMN, ICBP, PGEO.