KSI Technical Recommendation 28 October 2026

October 28, 2026
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Jakarta Composite Index JCI closed 1.22% lower at 5,373.09 in Monday's trading (10/26/26). Foreign investors recorded net sell of Rp2.03 trillion in the regular market, and net sell of Rp1.85 trillion across all markets, while cash and negotiated transactions recorded net buy of Rp172.12 billion. Accumulated foreign net sell on a YTD basis reached Rp124.22 trillion. Technically, JCI began to correct after rising significantly from its bottom. The RSI (14) turned down to 33.7. JCI is vulnerable to testing the nearest support at 5,317. If it breaks down, JCI could continue toward support at 5,278 / 5,185. Meanwhile, if JCI is able to hold above the 5,317 level, JCI could move back in the resistance range of 5,422 / 5,455 and 5,491 (EMA10). Investors are advised to remain cautious, apply a buy on weakness strategy selectively, and wait for further confirmation before accumulating more aggressively. ADVISE: Selective buy on weakness or accumulation buy. Stockpick: CTRA, PTBA, PWON, TOWR.