Jakarta Composite Index JCI closed higher by 1.10% to the level of 6,175.54. Throughout trading, JCI moved in the range of 6,079.32 – 6,192.66. Technically, the index's movement is becoming increasingly constructive after successfully breaking out from the downtrend line that limited movement since April as well as moving back above the EMA10 (6,022) and EMA20 (6,003). This condition indicates a short-term trend change from bearish to bullish. In addition, the EMA10 sits above the EMA20 (bullish crossover), which reinforces early signals of a new uptrend forming. As long as JCI is able to hold above both moving averages, the opportunity to continue its strengthening remains quite open. From the momentum side, the RSI (14) is at the 56.79 level, increasing and sitting above the neutral 50 level. This shows that buying momentum is starting to dominate, but has not yet entered the overbought area, so room for an increase is still available. Chart pattern-wise, JCI also formed a rounded bottom which was then confirmed with a breakout above the resistance area of 6,120 – 6,170. JCI has strong potential to continue its strengthening to the dynamic resistance level of the EMA 50 (6,255); if it manages to break, the opportunity continues toward resistance at 6,321 – 6,377. Meanwhile, a downside scenario of profit taking could correct to support at 6,108 / 6,079 / 6,037. ADVISE: Set your trailing stop or average up. Stockpick: AMRT, ENRG, HMSP, ICBP.