As indicated in A, KLCI was supported by the 906.36 WinChart Automatic Fibonacci Retracement. If the KLCI is able to consolidate above this level, the market sentiment will gradually turn from bearish bias to neutral. Until then, the resistance for KLCI is still remain at the 917 Fibonacci, as well as the 10 days Bollinger middle band dynamic resistance. (Study A)

Total market volume for the day stood at 3.36 million lots, 1.9% lower then Thursday's total market volume. Once again, volume at this level is still below the 40 days VMA level, thus implying that the market participation is relatively low. (Study B)

As pointed in the C circle, WinChart RSI remains below the 30% level, which is also the mid-term bearish zone. At the moment, market sentiment remains weak, therefore, the only positive aspect for KLCI is a consolidation 906 support level.

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