Jakarta Composite Index JCI closed higher by 0.69% to the level of 5,916.07. Throughout trading, JCI moved in the range of 5,857.35 – 5,935.68. Foreign investors again recorded a net sell of Rp163.01 billion, bringing the cumulative year-to-date (YTD) net sell to Rp89.07 trillion. Technically, JCI has begun to show a positive short-term signal after successfully achieving a minor breakout above the minor downtrend line and sitting above the EMA10 (5,868). This breakout indicates that selling pressure is beginning to diminish and opens up an opportunity for a short-term transition. Even so, the appreciation has not been able to change the primary trend because the index is still moving within a larger downtrend channel and remains below the EMA20 (5,960) and EMA50 (6,358), meaning that the medium-term trend is still in a bearish phase. Meanwhile, the RSI (14) is at the 45.20 level and continues to move up from the oversold area, showing that momentum is beginning to improve although it has not yet entered the bullish zone (>50). From a technical perspective, as long as JCI is able to hold above the 5,900 – 5,916 area, the opportunity to continue its technical rebound remains open with the first resistance target at 5,960 (EMA20), followed by 6,045 – 6,107. Conversely, if JCI moves back below 5,900, the minor breakout has the potential to become a false breakout, risking the index testing support at 5,882 – 5,800 again, and subsequently at 5,744 (gap area). Therefore, confirmation in the form of increasing transaction volume and continued foreign investor accumulation is still required for the trend reversal opportunity to become stronger. ADVISE: Wait & see, buy on support. Stockpick: AADI, AMRT, BBRI, INKP.