Composite Index ended the trading week mixed with a mild gain of 1.9 points, closing at 925.54 points. For the day, KLCI failed to hold up above the L1 support line where it hit an intra-day low at 919.72 and rebounded closing above the L1 support. At the moment, KLCI is supported by the 50 days EMA as well as the L1 support line. On the other hand, resistance for KLCI can be found at 931 WinChart Automatic Fibonacci Retracement. (Study A)

Although KLCI closed only the positive side for Friday, total market volume remains below the 40 days VMA level. For the day, total market volume stood at 3.46 million lots, 3.7% lower than yesterday's market volume. This suggests that the market in general is still considered quiet. (Study B)

MACD line continued trending lower on Friday. However, as indicated in the C circle, we see a round-bottom signal from the MACD histogram. This suggests that the KLCI is likely to consolidate or having a technical rebound in the short-term.

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