Jakarta Composite Index JCI successfully rebounded and closed at 5,744.56 (+0.87%), but this strengthening is still technical in nature and has not been able to change the primary trend. The index is still moving within a downtrend channel and remains below the EMA10 (5,853), EMA20 (5,974), and EMA50 (6,396), which shows that the short to medium-term trend is still bearish. In addition, the rebound was also held back around the 61.80% Fibonacci area (5,720), so selling pressure still has the potential to emerge as long as JCI has not been able to return above that area. From a technical perspective, as long as JCI remains below 5,762 – 5,853, the index is still at risk of continuing its decline toward support at 5,678, followed by 5,607 – 5,523 as the next support levels. Conversely, if it is able to break through 5,762 / 5,806 and continue above the EMA10 (5,853) supported by an increase in transaction volume, JCI has the opportunity to test resistance at 5,904, then 5,974, up to the psychological area of 6,000. A breakout above that area will be an early signal that selling pressure is beginning to ease and opens up opportunities for a trend change toward a more constructive consolidation phase. ADVISE: Wait & see; Accumulation buy. Stockpick: ADRO, AKRA, CTRA, INDF.