The Composite Index ended mixed on Thursday, gaining 1.2 points to 895.85 points. As shown on the chart above, KLCI is still resisted by the T1 dynamic resistance. If the KLCI were going to break above this resistance, an increase and stronger volume is the absolute requirement to support such break out. On the other hand, if the KLCI fails to break out from the T1 again, the KLCI would then be trading in the downtrend channel with the D1 as the dynamic support. (Study A)

Total market volume on Thursday stood at 286 million shares, an increase of 3.7% from yesterday's total market volume. Mean while, volume on Thursday was able to break above the 40 days VMA. This suggests that the market is well participated in general. If we see the volume continue staying above the 40 days VMA level, it shall greatly promote the market. (Study B)

WinChart RSI on Thursday broke above the 50% level. At the moment, WinChart RSI is situated around the 63% level, in the neutral region. Therefore, the market sentiment for the mid-term is at neutral with a slight positive bias. (Study C)

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