Composite Index ended mixed on Tuesday, with a lost of 0.45 points. As indicated in arrow A, KLCI is still resisted by the 928.78 WinChart automatic Fibonacci retracement while the support for KLCI is still found at the 10 days Bollinger band dynamic support. (Study A)

Mean while, 10 days Bollinger band width opened 7%, suggesting that a slight increase in the volatility. However, according to the historical data, this amount of the band width opening is too small to consider any signals.

Total market volume on Tuesday stood at 3.89 million lots while slightly below the 40 days VMA level. This suggests that the market participation is still slightly lack of liquidity. (Study B)

As shown in C, %K of the Stochastic fell below the 70% level again. Since the %K is a very sensitive indicator, it is better to use the %D to confirm any signals. According to the %D reading, short-term market sentiment is still neutral with a slight positive bias. (Study C)

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