Composite Index ended lower on Tuesday's trading with a lost of 3.08 points; for the day, KLCI rebounded at the daily low at 942.29, which was about the support of Bollinger Middle Band as well as the 940 psychological support level. This shows that the 940 psychological support is still in position. (Study A)

Total market volume for the day stood at 4.21 million lots, while failed to reach the 40 days VMA level. This is a sign of relatively quiet and low participation, as well as a sign of the consolidation of KLCI. Nevertheless, we would need to have the total volume standing above the 40 days when KLCI were to rally again. (Study B)

% D of Stochastic has confirmed with the %K that the short-term bullish has ended. Therefore, Stochastic is now showing a short-term neutral market for KLCI. (Study C)

While the short-term market sentiment is neutral, no bearish signals for KLCI at this moment. Nonetheless, in our opinion, the most crucial element for KLCI at this moment is still the 940 psychological support.

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