Composite Index ended mixed, giving up 1.26 points to 926.25 points. As shown on the chart above, KLCI is now resisted at 928.78 Fibonacci Retracement while supported by the 10 days Bollinger middle band dynamic support. Mean while, the Bollinger band width contracted 6%, suggesting that the KLCI is indeed sideways, thus, market direction is still unclear. (Study A)

Total market volume on Thursday stood at 4.68 million lots and was able to breach above the 40 days VMA level. This suggests that the market was actively participated. (Study B)

As pointed in C, WinChart RSI failed to stay above the 70% level and therefore the market sentiment for the mid-term is still considered neutral. (Study C)

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