Jakarta Composite Index JCI closed down 0.73% at the 6,541.38 level. Throughout Friday's (09/11) trading, JCI moved in a range of 6,462.96 – 6,552.79. Foreign investors booked a net sell of Rp732.81 billion in the Regular Market. Technically, JCI again formed a bearish candle and closed at the 6,541.38 level, below the EMA10 (6,591.59) but still holding above the EMA20 (6,530.56) and EMA50 (6,424.60). This weakness was also accompanied by a breakdown from the short-term uptrend line, indicating bullish momentum is starting to weaken and correction risk is rising. The RSI (14) fell to 53.89, still above the neutral area of 50, but showing diminishing strengthening momentum. Should JCI fail to hold above the EMA20 at 6,530, the correction could potentially continue toward 6,425 (EMA50), with the next support at 6,377. Conversely, should it manage to rebound and break back through the EMA10 at 6,592, JCI has room to test 6,723, before heading toward 6,859 as the next resistance. KIWOOM RESEARCH advises investors to wait & see while monitoring JCI's ability to hold in the 6,530 – 6,425 area. Investors who have already profited are advised to apply a trailing stop or gradual profit-taking should JCI break back through that support, while buy accumulation should wait for confirmation of a rebound and a return above the EMA10 at 6,592. ADVISE: Wait & see, set your trailing stop or gradual profit-taking & buy accumulation. Stockpick: ANTM, HRUM, ISAT, MINA.