Composite Index ended lower on Friday's trading with a lost of 3.35 points, ended the week's trading at 903.45 points. As shown on the chart above, KLCI was once again resisted by the L1 resistance line at around 906 points. This has confirmed that the yesterday's break-out was a faulty one, and further confirmed that the L1 resistance is particularly strong. (Study A)

Nonetheless, immediate resistance for KLCI remains at L1, while the support for KLCI falls on the 10 days Bollinger Middle Band dynamic support. Meanwhile, 10 days Bollinger Bands opened at only 2% marginally. This is a rather insignificant number to be considered as any signal.

Partly due to the terrorist attack incidence happened in London, total market volume for the day was 19.9% lower than yesterday's, and much further below the 40 days VMA. Needless to mention, volume at this amount is absolutely insufficient to support any market rally. (Study B)

Indicator wise, we see WinChart RSI almost unchanged from yesterday's reading. Since the WinChart RSI is located in the mid-term neutral zone, market sentiment for the mid-term is still unclear. However, watch out for a bearish divergence if KLCI were going to push up higher in the coming days. (Study C)

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