As shown in A, 10 days Bollinger Bands opened another 14% on Wednesday, suggests that the downside volatility for KLCI is still intact, and as a result, immediate outlook for KLCI remains bearish. Nevertheless, support for KLCI is found at 917.57 Fibanacci while the resistance for KLCI is at 931.45 Fibanacci. (Study A)

Total market volume on Wednesday increased 24.8% stood at 3.86 million lots. Although the volume has increased, it is still below the 40 days VMA level thus implied that the market overall is still quiet. (Study B).

%K of Stochastic has crossed above the %D, which signaled a technical rebound. However, since both lines of Stochastic are still situated below the 30%, market sentiment for the short-term remains bearish. (Study C)

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