Composite Index retreated on Thursday's trading after the break out on Wednesday. For the day, KLCI had a daily low at 942.49 points, in which it rebounded slightly and closed at 945.23 points. Immediate support for KLCI remains at the 940 psychological level. At the moment, out look for KLCI remains positive unless KLCI breaks below the 940 level again. (Study A)

Total market volume for Thursday stood at 6.27 millions lots, staying above the 40 days VMA level. From the look at the volume, it suggests that the overall market participation is rather active, and it is considered normal to have a decrease in volume during a technical correction. (Study B).

WinChart RSI falls slightly below the 70% level. This is a sign of weakness for KLCI, for it suggests that the market sentiment is not entirely bullish. From a technical point of view, in order to sustain the bullish sentiment of the market, we have to see RSI staying above the 70% level. (Study C)

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