Composite Index closed higher on Monday with a gain of 1.28 points, at 923.03 points. As indicated in arrow A, the KLCI is still supported by the 10 days Bollinger band middle band dynamic support. However, the Bollinger band width contracted 3% suggesting that the KLCI's volatility is still low.

As for the volume, total market volume for the day stood at 3.411 million lots, failed to achieve the 40 days VMA level. Therefore, this suggests that the market is still not active, thus insufficient to promote any rally at this moment. (Study B)

As pointed in C, %D of Stochastic is now situated in the short-term bullish zone, indicating that the market sentiment in the short-term is still bullish. As long as we see these lines staying above the 70% level, market is expected to be positive.

At this moment, indicators are generally suggesting a positive bias for KLCI, and the only set back for KLCI would be the volume. Therefore, we hope to see more trading volume in the coming days or else KLCI is likely to maintain sideways.

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