Composite Index rebounded on Monday, gaining 2.49 points to 895.66 points. As shown on the chart above, KLCI remained above the T1 dynamic support. While the resistance for the KLCI remains at the R1 dynamic resistance as well as the 900 psychological level. (Study A)

Mean while, 10 days Bollinger band width contracted 13% on Monday, suggesting that the KLCI is consolidating. On the other hand, when the Bollinger band width is contracting, it also suggests that the market is gearing up for a new direction.

WinChart RSI remained in the neutral region, suggesting that the market sentiment in the mid-term is neutral. (Study B)

%K of the Stochastic rebound on Monday. Currently, both %K and %D are situated in the neutral region. Since both lines are above the 50% level, market sentiment for the short-term is at neutral with a slight positive bias. (Study C)

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