Despite the impressive movement during the early morning session, KLCI ended lower on Thursday's trading with a lost of 2.07 points, closing at 921.94 points. KLCI is still situated in the ascending wedge where the dynamic resistance is at W1, and W2 as the dynamic support.

Total market volume for the day stood at 4.13 million lots, a descreased of 24.1% from the previous total market volume and stood below the 40 days VMA level. As mentioned on yesterday's analysis, readers are advised to watch out for lower trading associate with higher index point, which shows the weakness of the rally. (Study B)

Both %K as well as %D are now remained above the 70% level, which is the short-term bullish zone. As long as Stochastic maintain its position above this level, short-term upside moment is still sustainable; and conversely, if Stochastic falls below the 70% level, short-term market sentiment would turn to neutral from bullish. (Study C)

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