Jakarta Composite Index JCI closed down 0.17% at the 6,185.78 level. Throughout Monday's (07/27) trading, JCI moved in a range of 6,144.27 – 6,219.42. Technically, JCI formed a doji candle and closed below the EMA50 (6,257), while testing the EMA10 area (6,184). Even so, the index still held above the EMA20 (6,119) so the medium-term uptrend remains intact, although short-term correction risk is starting to increase. The RSI (14) fell to 53.7, indicating bullish momentum is starting to weaken though still in neutral territory. If selling pressure continues, JCI could potentially test the 6,159 – 6,144 support area, then the 38.20% Fibonacci level at 6,130 and the EMA20 at 6,119. If both levels are breached, the correction could potentially continue toward the 61.80% Fibonacci level at 5,931. Conversely, if it manages to rebound, JCI needs to break back through the 6,219 – 6,260 area, then 6,315 as the next resistance. A breakout above that level would open opportunities for further strengthening toward 6,394. KIWOOM RESEARCH advises investors to wait & see while monitoring JCI's movement around the EMA20. Investors who have already profited can apply a trailing stop or gradual profit-taking should selling pressure continue, while averaging up could be considered if JCI manages to break back through 6,315 supported by an increase in trading volume. ADVISE: Wait & see, set your trailing stop or gradual profit-taking. Stockpick: ADMR, CMRY, ISAT, PGEO.