Composite index closed lower on Monday, losing 4.14 points to 900.14 points. As shown on the chart above, the KLCI remains in the down trend channel and still resisted by the T1 dynamic resistance. Mean while, the KLCI is also supported by the 10 days Bollinger middle band. (Study A)

As indicated in B, WinChart RSI remained in the neutral region (30%-70% level). However, since the WinChart RSI is still below the 50% level, it suggests a negative bias for the outlook of the KLCI.. (Study C)

In line with the WinChart RSI, Stochastic is also situating in the short-term neutral zone. Therefore, out look for KLCI is unclear at this moment. Nevertheless, provided the KLCI is still in the down trend channel, outlook for KLCI is still bearish bias. (Study C)

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