KSI Technical Recommendation 22 October 2026
October 22, 2026
Jakarta Composite Index
JCI closed up 0.94% at 5,328.36 in Wednesday's (21/10/26) trading. Foreign investors booked a net sell of Rp527.80 billion in the regular market, but recorded a net sell of Rp70.71 billion across all markets, while cash and negotiated transactions recorded a net buy of Rp457.09 billion. Accumulated foreign net sell YTD reached Rp119.10 trillion. Technically, JCI moved volatile at times but managed to close above the 5,317 level. RSI (14) rose again to the 30.8 level, indicating room for recovery. If JCI can hold above 5,317, it has the chance to go on to test the 5,404 level, and if it breaks out, continue toward resistance at 5,607 – 5,631. However, if pressure rises again and JCI fails to hold above 5,317, it could return to support at 4,999 / 4,907, and a breakdown would risk continuing the weakness toward the 4,456 (FR 161.80%) area. Investors are advised to remain cautious, apply a selective buy on weakness strategy, and wait for further confirmation before accumulating more aggressively.
ADVISE: Selective buy on weakness.
Stockpick: BUMI, ESSA, GGRM, NCKL.