KSI Technical Recommendation 04 November 2026
November 04, 2026
Jakarta Composite Index
JCI closed 3.78% lower at 4,904.29 in Tuesday's trading (11/03/26). Market pressure was also reflected in foreign investor selling, which recorded net sell of Rp759.98 billion in the regular market and Rp575 billion across all markets, bringing accumulated foreign net sell on a YTD basis to Rp127.50 trillion. Technically, JCI broke down support and the downtrend continued. If JCI does not return above the 4,907 level, JCI could continue toward the nearest support at 4,800 / 4,600 and 4,456 (FR 161.80%). With a scenario of returning above the 4,907 level, JCI could return to the nearest resistance at 4,981 / 5,098 / 5,182. Investors are advised to remain cautious and wait for clear signal confirmation.
ADVISE: Wait & see.
Stockpick: BMRI, BRIS, KLBF, MAPI.