Composite Index closed higher on Friday with a gain of 3.31 points at 927.54 points. As indicated in A, KLCI remains supported by the 10 days Bollinger middle band dynamic support, thus outlook for KLCI remains positive.

Mean while, Resistance for KLCI is found at 931.45 Fibonacci retracement line, and the down side support is located at the 917.57 Fibonacci retracement line.

As indicated in B, total market volume for the day stood at 4.43 million lots and was able to stand above the 40 days VMA (Volume Moving Average), which suggests that the market is actively participated. (Study B)

As pointed in the C circle, %K of Stochastic is now back to the short-term bullish region. If the %K and %D lines remains above the 70% level, short-term market sentiment is expected to be bullish. (Study C)

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