Jakarta Composite Index JCI closed down 1.33% at the 6,589.34 level on Thursday's trading (09/10), after moving in a range of 6,585.56 – 6,712.50. Foreign investors booked a net sell of Rp747.51 billion. Technically, JCI again formed a bearish candle after failing to hold its strength above the 6,700 area, closing at the 6,589.34 level. JCI stood below the EMA10 (6,602.75), but still held above the EMA20 (6,529.42) and EMA50 (6,419.84), while the RSI (14) fell to 57.63, indicating bullish momentum is starting to weaken though the uptrend remains intact. Should JCI fail to break back through the EMA10 at 6,603, the correction could potentially continue toward 6,529 – 6,520, the nearest support area as well as the EMA20 and uptrend line. If it holds, JCI has room to rebound and test 6,673 – 6,723, with the next resistance at 6,859. Conversely, should it break down below 6,520, the correction could potentially continue toward 6,420 (EMA50), with the next support at 6,377. KIWOOM RESEARCH advises a wait & see approach while monitoring the 6,529 – 6,520 area, while investors who have already profited can apply a trailing stop or gradual profit-taking should that support be breached. ADVISE: Wait & see or set your trailing stop. Stockpick: CPIN, MINA, PSAB, SMGR.