Yesterday's KLCI candle had gone above the 20 days Bollinger Upper Band; therefore, we see a pull-back effect today for KLCI. As a result, KLCI had a technical correction. Nevertheless, KLCI is showing an ascending wedge chart pattern with the dynamic resistance at W1, and W2 would serve as the dynamic support. Please visit the on-line tutorial for more information about ascending wedge.)

Total market volume for the day stood at 4.77 million lots, still standing above the 40 days VMA level. If KLCI were going to continue its rally after this technical correction, it is best to have market volume higher than the 40 days VMA level as a support for the market momentum, or else, the market would reserve at anytime. (Study B)

WinChart RSI presented a "bearish-divergence" signal with second top lower than the previous top. This bearish divergence suggests that the current rally for KLCI is weak, unless the WinChart break above the descending line. (Study C)

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