KSI Technical Recommendation 05 August 2026

August 05, 2026
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Jakarta Composite Index JCI closed up 1.37% at the 6,319.61 level on Tuesday's trading (08/04), after moving in a range of 6,238.40 – 6,319.61. Foreign investors again booked a net buy of Rp741.19 billion in the Regular Market and Rp623.48 billion across all markets. Technically, JCI continued forming a bullish candle and managed to close above the EMA10 (6,211), EMA20 (6,161), and EMA50 (6,246), while confirming a breakout from its short-term consolidation phase. This movement was also supported by the index's success in holding above the uptrend line, indicating the rebound momentum is growing stronger. The RSI (14) rose to 60.20, reflecting bullish momentum continuing to improve but not yet entering overbought territory, leaving room for further strengthening. As long as JCI can hold above the 6,246 – 6,211 area, the index has room to continue rising to test resistance at 6,377, then 6,450, up to 6,500. Meanwhile, if it moves back below the EMA50, JCI could potentially undergo a healthy pullback, with support areas at 6,246, 6,211, and 6,161. KIWOOM RESEARCH advises investors to consider averaging up on stocks that have confirmed a breakout, while still applying a trailing stop below the nearest support area to anticipate potential short-term corrections. ADVISE: Average up or set your trailing stop. Stockpick: BBCA, BMRI, KLBF, PTBA.