Composite Index remain in the down trend channel of T3 and T4. As shown on the chart above, KLCI was resisted by the T3 line. Therefore, T3 will serve as the dynamic resistance for KLCI; in additional, the 906 Fibonacci level also serves as the resistance for KLCI. (Study A)

As indicated in B, total market volume remained below 3 million lots. On Tuesday, total market volume stood at 2.66 million lots, while still below the 40 days VMA level. This suggests that the overall liquidity of the market is still low. (Study B)

As pointed by C, %K of the Stochastic retreated below the 70% level; therefore, it has canceled it's previous bullish signal. This is considered rather normal for the %D did not give any confirmation to the %K signal yet. At the moment, Stochastic suggests that the market sentiment is at neutral. (Study C)

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