Composite Index failed to break out of the 940 resistance level on Tuesday's trading and retreated 4.1 points, ended the day at 935.74 points. Current resistance for KLCI falls on the 940 level while the support for KLCI falls on the W1 dynamic support; further support can be found at the 922 level of the WinChart Automaic Fibonacci Retracement. (Study A)

Total market volume decreased another 6.7%, standing below the 40 days VMA level. This shows that the market participation was rather quiet, and was not sufficient to support any break out. (Study B)

As mentioned on yesterday's analysis, WinChart RSI's bearish divergence signal was clearer after Tuesday's trading. This suggests that direction of KLCI is likely to reverse unless KLCI can successfully break out the 940 level with higher volume above the 40 days VMA. (Study C)

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