KSI Technical Recommendation 29 October 2026

October 29, 2026
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Jakarta Composite Index JCI closed 0.31% higher at 5,282.31 in Wednesday's trading (10/28/26). Foreign investors recorded net buy of Rp257.74 billion in the regular market, and net buy of Rp664.24 billion across all markets, while cash and negotiated transactions recorded net buy of Rp406.50 billion. Accumulated foreign net sell on a YTD basis reached Rp124.67 trillion. Technically, JCI moved volatilely and briefly tested the 5,185 support before rebounding and closing positive. The RSI (14) rose to 32. If JCI becomes volatile again, it could test the nearest support at 5,185 again. If it breaks down, JCI could continue toward support at 5,012 / 4,980. Meanwhile, in the bullish scenario, JCI has the potential to test the nearest resistance at the 5,317 level; if it is able to break, JCI could return to the resistance range of 5,349 / 5,418. 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: BBRI, JPFA, MDKA, TOBA.