Composite Index ended firmer on Monday trading with a gain of 3.67 points. As indicated in A, KLCI attempted to break away from the 928.78 Fibonacci Resistance. Mean while, KLCI is still supported by the 10 days Bollinger middle band dynamic support. (Study A)

On the other hand, 10 days Bollinger band width continued to contract another 11%, suggesting that the KLCI is still consolidating. However, since the KLCI is now located above the middle band, immediate outlook is still positive.

Total market volume on Monday stood at 4.51 million lots, and was higher than the 40 days VMA level. This indicating that the market participation is active, and definitely an added advantage to KLCI is it were to advance. (Study B)

As indicated in the C circle, MACD line steered away from the trigger line on Monday closing, suggesting that there is no sell signal. Therefore, market outlook continue to be positive, especially if we see the MACD continue moving higher. (Study C)

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