Jakarta Composite Index JCI closed down 0.12% at the 6,343.71 level. Throughout Thursday's (08/06) trading, JCI moved in a range of 6,324.06 – 6,388.20. Foreign investors booked a net sell of Rp217.24 billion in the Regular Market, while across all markets they also recorded a net sell of Rp273.47 billion. Technically, JCI formed a bearish candle after failing to hold its strength at the 6,377 resistance area, although the correction is still considered normal as the index remained above the EMA20 (6,195) and EMA50 (6,254) and still stood above the short-term uptrend line. Meanwhile, the EMA10 (6,257) also remained above the EMA20 and EMA50, indicating the short-term bullish structure remains intact. The RSI (14) stood at 61.09, easing slightly but still above the 50 level, indicating buying momentum remains dominant despite the onset of profit-taking following the recent rally. As long as JCI can hold above the 6,320 – 6,330 area, the chance of continued strengthening toward 6,377 up to 6,420 remains open. Conversely, should selling pressure continue and break through the uptrend area and 6,320, JCI risks continuing a healthy correction to test the EMA50 area before resuming its uptrend. KIWOOM RESEARCH advises watching for profit-taking at the resistance area. Re-accumulation only if JCI can hold above 6,320. ADVISE: Watching for profit-taking or accumulation buy. Stockpick: PTRO, RAJA, SGER, WIFI.