KSI Technical Recommendation 03 November 2026
November 03, 2026
Jakarta Composite Index
JCI closed 0.79% higher at 5,096.83 in Monday's trading (11/02). Amid the gains, foreign investors still recorded net sell of Rp375.54 billion in the regular market and Rp112.48 billion across all markets, while cash and negotiated transactions posted net buy of Rp263.07 billion. On a year-to-date basis, accumulated foreign net sell has reached Rp126.74 trillion. Technically, JCI managed to rebound and closed positive. The RSI (14) indicator rose again to 29. With a scenario of being able to test 5,116, JCI has the potential to move in the resistance range of 5,182 / 5,249 / 5,268 (EMA10). Meanwhile, if the scenario is renewed volatile weakness, JCI is expected to be vulnerable to testing the nearest support at 4,980 / 4,907 again. If it breaks down, JCI could continue toward the nearest support at 4,800. Investors are advised to remain cautious, apply a buy on weakness strategy selectively or tend to wait for clear signal confirmation.
ADVISE: Selective buy on weakness.
Stockpick: INDY, ITMG, MAPA, MDKA.