KLCI ended mixed on Monday's trading at 938.22, gained 0.83 ponts. Immediate resistance for KLCI remains at the 940 psychological level while the immediate support for KLCI falls on the W1 dynamic support.

Using the above resistance and support lines, we could see that KLCI is now moving inside an small ascending triangle. Therefore, if a break out above the 940 level, it suggests more upward potential for KLCI. However, this break out would not be an easy one for it requires a large amount of volume, and preferably 6 million lots or higher. (Study A)

Total market volume for the day stood at 3.827 million lots, a 26.4% drop from last Friday's market volume. Since the volume for Monday did not reach the 40 days VMA level, it implies that the market participation was rather in active. (Study B)

Despite no clear and new direction for KLCI, Stochastic show no signs of warning. Since both %K and %D are situated above the 70% level, short-term market out look remains positive until a break below this level. (Study C)

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