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Composite Index ended mixed on Thursday, gaining a modest 1.57 points to 911.16 points. As shown on the chart above, the KLCI continued its consolidation, while still resisted by the 914.3 resistance line. Support for the KLCI is now still at the 10 days Bollinger middle band. (Study A)

Mean while, 10 days Bollinger band width begin to contract, suggesting that the direction for KLCI is unclear. However, as long as the KLCI can stay above the middle band, immediate outlook for the KLCI is still positive bias.

Total market volume on Thursday stood at 841 million shares, a 4% increase from yesterday's Total market volume. From one point, it suggests that the overall market is well liquid and active, but from a different point of view, if the KLCI is having a mixed signal (with long upper shadow) while having a highest volume, this could suggests a high level of profit taking in the market. (Study B)

Despite the recent rally of the KLCI, WinChart RSI has shown no bullish signal at all. At the moment, the WinChart RSI is situated in the neutral zone at around 65.5, suggesting the mid-term market sentiment is at neutral with a slight positive bias. (Study C)

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