Jakarta Composite Index JCI closed down 1.53% at the 6,267.88 level on Tuesday (08/11), moving in a range of 6,230.10 – 6,388.58. Foreign investors recorded a net sell of Rp279.98 billion in the Regular Market and Rp687.80 billion across all markets. Technically, JCI formed a bearish candle after failing to hold its breakout above the 6,377 resistance, closing slightly above the EMA50 (6,264) but back below the EMA10 (6,293) and still above the EMA20 (6,233). This condition indicates the short-term bullish trend remains relatively intact, though momentum is starting to weaken. The RSI (14) at 53.66 indicates momentum remains in positive territory but is starting to decline and has not yet entered overbought territory. As long as it can hold above 6,264 – 6,233, JCI has room to retest 6,377, with a breakout above that level opening room for strengthening toward 6,463 – 6,500. Conversely, weakness below 6,264 risks bringing JCI to test 6,233, then 6,186 (gap area) & 6,106. KIWOOM RESEARCH advises Hold / Accumulate on weakness, with a trailing stop should JCI close back below the 6,233 area. ADVISE: Hold or accumulate on weakness, set your trailing stop. Stockpick: ACES, AMRT, HRUM, MEDC.