Jakarta Composite Index JCI closed up 1.68% at the 6,501.59 level on Thursday (08/20), moving within the range of 6,444.40 – 6,514.68. Foreign investors recorded a net buy of Rp733.69 billion in the Regular Market and Rp680.47 billion across all markets. Technically, JCI still shows bullish momentum after staying above EMA10 (6,382.13), EMA20 (6,313.92), and EMA50 (6,294.78). The index's position holding above all moving averages indicates that the short- to medium-term trend remains positive and buying pressure stays dominant. RSI (14) is at 62.47, still in the bullish zone but not yet entering the overbought area, leaving room for further gains although investors need to watch out for potential profit-taking actions after a quite significant increase. If JCI manages to break through and hold above the 6,515 resistance, the potential for gains could continue towards 6,598 and 6,723. Conversely, if a correction occurs, the 6,382 – 6,377 area becomes the nearest support that needs to be maintained, followed by 6,314 – 6.295 which is the EMA20 and EMA50 area. As long as JCI stays above the 6,295 area, the bullish structure remains relatively intact. KIWOOM RESEARCH suggests investors can selectively maintain positions by implementing a trailing stop, while buy accumulation should preferably be done gradually during corrections as long as the index holds above that support. ADVISE: Set your trailing stop or accumulation buy gradually. Stockpick: LSIP, NCKL, TLKM, UNTR.