KSI Technical Recommendation 16 July 2026

July 16, 2026
Download PDF

Jakarta Composite Index JCI closed higher by 0.04% to the level of 6,041.97. Throughout trading, JCI moved in the range of 6,007.17 – 6,081.23. Technically, JCI is still moving above the EMA10 and EMA20, continuing to move sideways. JCI still has the opportunity to continue its strengthening toward the range of 6,121 – 6,171. If it is able to break above that area, the strengthening has the potential to continue toward the dynamic resistance of the EMA50 around 6,273. Meanwhile, the immediate support sits at 5,987 and 5,949, with the next strong support at 5,898 if selling pressure rises again. The RSI (14) slightly increased to the 51.07 level, indicating that bullish momentum is still strong. KIWOOM RESEARCH advises investors to remain trend following by applying a trailing stop to lock in profits that have formed. Adding positions (averaging up) can be done gradually if JCI is able to maintain its momentum above the 5,987 area and continue its strengthening toward the 6,121 – 6,171 resistance. ADVISE: Set your trailing stop or average up. Stockpick: MBMA, MIKA, PWON, TINS.