KSI Technical Recommendation 02 November 2026

November 02, 2026
Download PDF

Jakarta Composite Index JCI closed 0.80% lower at 5,057.05 in Friday's trading (10/30/26). Based on transaction data on October 30, 2026, foreign investors recorded net sell of Rp172.43 billion in the regular market, and net sell of Rp140.27 billion across all markets, while cash and negotiated transactions recorded net buy of Rp32.16 billion. Accumulated foreign net sell on a YTD basis reached Rp126.37 trillion. Technically, JCI continued its downtrend but rebounded after briefly touching the 4,980 support. The RSI (14) indicator fell again to 27. In a scenario of renewed volatile weakness, JCI is expected to be vulnerable to testing the nearest support at 4,980 / 4,907 again. If it breaks down, JCI could continue toward support at 4,456 (FR 161.80%). Meanwhile, in the rebound scenario, JCI has the potential to move in the resistance range of 5,116 / 5,182 / 5,249. Investors are advised to remain cautious, apply a buy on weakness strategy selectively or tend to wait for clear signal confirmation. ADVISE: Selective buy on weakness. Stockpick: ADMR, BBCA, MEDC, PTBA.