Composite Index closed mixed losing 0.57 points at 924.76 points. As pointed by A, KLCI is precisely supported by the 10 day Bollinger middle band dynamic support. Therefore, immediate support for KLCI is still the middle band while the next important support for KLCI is at 917 Fibonacci line. (Study A)

Immediate outlook for KLCI is still neutral with a slight positive bias. Therefore, if the Bollinger band width re-opens convincingly, we shall be able to see a clearer direction for KLCI.

As indicated in the B circle, MACD line has now turned flat with the trigger line moving closer to it; and as a result, the histogram tick lower. While there is no sell signal from the MACD, it is certainly turning cautious. (Study B)

Mean while, as pointed in C circle, both %K and %D line of the Stochastic has now dropped below the 70% level. At the moment, the Stochastic suggests that the KLCI's short-term sentiment is at neutral. (Study C)

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