KSI Technical Recommendation 16 September 2026

September 16, 2026
Download PDF

Jakarta Composite Index JCI closed down 1.13% at the 6,461.15 level on Tuesday's trading (09/15/26), moving in a range of 6,461.01 – 6,549.60. Foreign investors recorded a net sell of Rp354.16 billion in the Regular Market. Technically, JCI corrected again and closed below the EMA10 (6,559) and EMA20 (6,524), but still held above the EMA50 (6,430) and slightly above the 38.20% Fibonacci retracement at 6,448. The RSI (14) fell to 47.91, moving back below the 50 level and indicating diminishing bullish momentum, so the risk of further correction remains open. Should JCI fail to hold above 6,448 – 6,430, selling pressure could potentially continue toward 6,377, then 6,288, the 61.80% Fibonacci retracement area. Conversely, should a rebound occur, JCI needs to break back through the EMA20 at 6,524, followed by the EMA10 at 6,559, before testing the 6,700 – 6,707 area as the main resistance. KIWOOM RESEARCH advises investors to wait & see while monitoring the 6,448 – 6,430 area as an important support. Investors who have already profited can apply a trailing stop or gradual profit-taking should JCI break below the EMA50, while buy accumulation should be done selectively after rebound confirmation appears above the EMA20 and EMA10. ADVISE: Wait & see, set your trailing stop or accumulation buy. Stockpick: BRMS, BUMI, JPFA, KLBF.