Jakarta Composite Index JCI closed lower by 1.89% to the level of 5,873.37 after moving in the range of 5,872.02 – 5,984.47 throughout trading. This weakness was again accompanied by foreign investor selling, with a net sell of Rp674.26 billion in the regular market and Rp689.33 billion across all markets (all market). Consequently, the cumulative foreign net sell throughout 2026 (YTD) increased to Rp89.95 trillion. Technically, JCI faced pressure again after failing to maintain its strengthening above the resistance area of 5,950 – 5,990, thereby forming a swing high and moving back below the EMA10 (5,887). The primary trend remains bearish because the index stays below the EMA20 (5,954) and EMA50 (6,325) as well as continuing to move within a downtrend channel. The RSI (14) fell to 44.14, indicating that momentum is beginning to weaken though it has not yet entered the oversold area. As long as JCI still holds above support at 5,873 – 5,850, the opportunity for a technical rebound toward 5,950, followed by 5,990 – 6,050 remains open. However, if the 5,873 support is broken, selling pressure has the potential to continue toward 5,744 – 5,805 (gap area), and even test 5,695 (gap area) as the subsequent support area. ADVISE: Wait & see; Buy on weakness. Stockpick: ENRG, ISAT, ITMG, PGAS.