Composite Index ended mixed, gaining 0.75 points to 903.65 points. As indicated by A, KLCI was precisely resisted by the T1 down trend channel dynamic resistance. Mean while, 10 days Bollinger band width contracted another 9%, suggesting that the direction of KLCI is still unclear. (Study A)

On Thursday, Stochastic remains in the neutral region, and since both lines are situated above the 50% level, there is a slight positive bias for KLCI. Nonetheless, if the %K and %D lines both breached above the 70% level, short-term market sentiment is expected to be bullish. (Study B)

As indicated by the C circle, DMI is showing a mixed and unclear direction for KLCI. However, whenever the ADX line drops below the 30% level, there is a better potential for a new direction. It pays to study the DMI for the next market direction. (Study C)

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