KSI Technical Recommendation 17 July 2026

July 17, 2026
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Jakarta Composite Index JCI closed higher by 1.10% to the level of 6,108.21. Throughout trading, JCI moved in the range of 6,024.35 – 6,108.21. Technically, JCI is still moving above the EMA10 and EMA20, showing that the short-term bullish trend is still maintained after successfully exiting the minor descending channel pattern. In addition, the EMA10 has formed a bullish crossover against the EMA20, indicating that strengthening momentum is starting to be confirmed and increases the opportunity for the continuation of an uptrend in the short term. JCI has the opportunity to continue its strengthening toward the range of 6,171 – 6,226. If it is able to break above that area, the strengthening has the potential to continue toward the dynamic resistance of the EMA50 around 6,258. Meanwhile, the immediate support sits at 6,024 and 5,987, with the next strong support at 5,949 if selling pressure rises again. The RSI (14) increased to the 53.98 level, indicating that bullish momentum is still maintained and still has room to continue its strengthening. 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 hold above 6,095 and continue its strengthening toward the resistance area. ADVISE: Set your trailing stop or average up. Stockpick: ISAT, MAPA, SCMA, TAPG.