On Thursday, KLCI rebounded at W1 dynamic support with a gain of 2.41 points. At the moment, resistance for KLCI is still remaining at 940 level while the immediate support falls on the W1 dynamic support; futher support is located at 922 WinChart Automatic Fibonacci Retracemet Line. (Study A)

Total market volume for Bursa Malaysia on Thursday gained 23.5%; volume for the day stood at 5.718 million lots, managed to stay above the 40 days VMA level. If the momentum of the market volume remain at this pace, a break out above the 940 level would be possible. (Study B).

%K of Stochastic rebounded on Thursday and successfully stay above the 70% level, which is the short-term bullish zone. As long as we see the Stochastic above at this level, market sentiment for the short-term remains bullish. (Study C)

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