KSI Technical Recommendation 23 October 2026
October 23, 2026
Jakarta Composite Index
JCI closed up 1.12% at 5,387.90 in Thursday's (22/10/2026) trading, even as foreign investors still recorded net selling of Rp1.47 trillion in the regular market and Rp1.49 trillion across all markets. In the cash and negotiated markets, foreign investors booked a net sell of Rp15.82 billion, bringing accumulated net sell for the year to date to Rp120.57 trillion. Technically, JCI moved volatile again but managed to close positive. RSI (14) rose again to the 33.4 level, indicating room for recovery. If JCI can test the 5,404 level, it has the potential to continue toward resistance at 5.38 (EMA10) and 5,607 – 5,631. However, if pressure rises again and JCI fails to break out above 5,404, it could return to 5,317, and JCI could then fall back to support at 5,185 / 5,012 / 4,999. 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 or accumulation buy.
Stockpick: AMMN, ENRG, HRTA, INCO.