Composite Index ended higher with a gain of 2.75 point at 927.51 points. As indicated by the arrow A, KLCI is still supported by the 10 days Bollinger middle band dynamic support; thus, immediate outlook for KLCI remains positive. However, the Bollinger band width only opened 1% on Wednesday, and shall not be considered for any signals.

Total market volume for Wednesday stood at 4.69 million lots, a 15.6% gain from yesterday's total market volume. In addition, volume on Wednesday has also reached the 40days VMA level, thus suggesting that the market was relatively active. (Study B)

As circled in C, the MACD line pointed upward slightly after Wednesday's closing. If the MACD line continues moving upward, it suggests that the market sentiment is improving thus more upside movement of KLCI is likely. However, the direction for KLCI is still unclear until the opening of the Bollinger band width. (Study C)

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