Composite Index closed marginally lower with a lost of 0.98 points. As indicated in A, the KLCI is still supported by the 10 days Bollinger middle band dynamic support, with the band width contracted 2%, KLCI is still consolidating. As long as we see the KLCI situated above the middle band, immediate outlook for KLCI remains cautiously positive. (Study A)

As shown in B, total market volume has reached 4.5 million lots and managed to stand higher than the 40 day VMA level. This suggests that the market participation has turned to active. (Study B)

As indicated in the C circle, WinChart RSI is still remain in the neutral zone (30%-70%). From the RSI reading, we can not see any signal suggesting a positive nor negative sentiment for KLCI at this moment. However, it is worth mentioning to our users and readers that the WinChart RSI would be wondering in the neutral zone when the KLCI is at a sideways market. (Study C)

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