Composite Index ended lower Tuesday, losing 1.51 points to 898.63 points. As indicated by the chart above, KLCI is still resisted by the T1 down trend channel dynamic resistance, as well as the 10 days Bollinger middle band. Therefore, out look for KLCI remained bearish bias. (Study A)

As shown by B, total market volume on Tuesday gained 18.9%, stood at 2.95 million lots. The total market volume on Tuesday was very close to the 40 VMA level, thus implying that the market activity is gradually increasing. (Study B)

As indicated by the C circle, Stochastic is still situated in the neutral zone, suggesting that the short-term market sentiment is at neutral. Direction for KLCI is still unclear, but however, since the KLCI is still remained in the downtrend channel, outlook for KLCI is likely to stay bearish. (Study C)

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