Jakarta Composite Index JCI closed up 1.04% at 6,409.65 on Friday (08/07), with foreign investors recording a net buy of Rp917.23 billion in the Regular Market and Rp1.24 trillion across all markets. Technically, JCI successfully broke out of the 6,377 resistance and held above the EMA10 and EMA20, confirming a bullish pattern from its consolidation phase. The RSI (14) at 64.23 indicates positive momentum remains strong. As long as it holds above 6,377, JCI has room to continue strengthening toward 6,454 – 6,500, with the next pattern target around 6,631. Conversely, a drop below 6,377 risks becoming a false breakout and opening a correction toward 6,347, then 6,284 – 6,260. KIWOOM RESEARCH advises hold / accumulate on weakness with a trailing stop should JCI close back below 6,377. ADVISE: Hold or accumulate on weakness. Stockpick: BBRI, BULL, ESSA, TPIA.