Composite Index ended marginally lower on Thursday losing 0.75 points to 904.46 points. As indicated by A, KLCI is still resisted by the 906 Fibonacci retracement line, while the next resistance for KLCI would be the 10 days Bollinger band dynamic support.

10 days Bollinger band width on Thursday contracted 3%, indicating that the volatility of KLCI is lower. Nevertheless, since the KLCI is still situated below the middle band, immediate outlook for KLIC is bearish bias.

As circled by B, WinChart RSI remains below 30% level suggesting that the mid-term sentiment for KLCI is still bearish; and the bearish sentiment is likely to continue until the WinChart RSI breaks above the 30%, where the sentiment would then be neutral. (Study B)

As pointed by C, MACD histogram's round bottom signal continue, thus KLCI consolidate or having a technical rebound. Mean while, no buy signal from the MACD and the overall sentiment is still pretty much bearish bias. (Study C)

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