Composite Index ended slightly higher on Wednesday's trading with a gain of 2.29 points. As indicated in A, KLCI was once again resisted by the 10 days Bollinger middle band dynamic resistance at the 927.08 points of the daily high. Mean while, the 10 days Bollinger band further contracted 22%, indicating that the KLCI is still consolidating. (Study A).

As indicated in B, total market volume for the day reduced 17.1%, standing at 3.57 million lots. Needless to say, volume at this level is still below the 40 days VMA, suggesting that the market is still quiet. (Study B).

As shown in C, %K of the Stochastic has breach slightly above the 30% level giving a first signal suggesting that the short-term market sentiment has entered the neutral zone. If we see %D line breaching the 30% in the following trading days, it shall confirm the %K signal.

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