Jakarta Composite Index Technically, JCI managed to hold above the EMA10 (5,891), indicating that selling pressure is beginning to ease. As long as it is able to maintain that level, the index has the opportunity to continue its technical rebound to test the EMA20 at 5,950 as initial confirmation of a minor uptrend formation. Even so, the primary trend remains bearish because JCI is still moving below the EMA50 (6,308) and is within a downtrend channel pattern. The RSI (14) increased to 45.72, reflecting an improvement in momentum though it has not yet entered the bullish zone. As long as JCI holds above the 5,900 area, the opportunity for further strengthening remains open toward 5,987, followed by 6,045 – 6,107. Conversely, if it falls back below 5,900, the index risks testing support at 5,839 – 5,805, before heading toward the gap area around 5,744. Confirmation of a trend change becoming more positive still requires a breakout above the EMA20 supported by an increase in transaction volume as well as continued foreign investor accumulation. ADVISE: Selective trading buy as long as JCI holds above 5,900, while still applying a stop loss if it breaks below that level again. Stockpick: BMRI, BUMI, ESSA, MDKA.