Jakarta Composite Index JCI closed down 0.25% at the 6,619.67 level on Monday's trading (09/07), moving in a range of 6,610.93 – 6,667.75. Foreign investors recorded a net sell of Rp590.18 billion in the Regular Market. Technically, JCI is starting to form a swing high as an early signal of a potential correction, while the RSI (14) fell to 62, indicating bullish momentum is starting to weaken. JCI could potentially undergo a healthy correction toward support at 6,568 (EMA10), 6,551, and 6,525. However, should it manage to rebound, the index has room to retest resistance at 6,667 – 6,704 and continue closing the gap at 6,723. KIWOOM RESEARCH still advises a strategy of holding or selectively buying on weakness as long as JCI can hold above the support area, with heightened caution should the index break through that support level. ADVISE: Hold or selective buy on weakness. Stockpick: CTRA, INDF, INKP, KLBF.