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Composite Index ended mixed on Friday, gaining a marginal 0.74 points to 911.9 points. As shown on the chart above, the KLCI was precisely resisted at the 914.3 Resistance line. In other words, the KLCI must break above this resistance in order to continue the bullish sentiment. Mean while, support for the KLCI remains at the 10 days Bollinger middle band dynamic support. (Study A)

Total market volume on Friday retreated 21.9%, standing at 656 million shares. It is rather normal for volume to retreat during a correction, and as long as the volume is above the 40 days VMA level, market participation in general is still favorable. (Study B)

As indicated by the C curve, the MACD histogram continue its' round top signal, suggesting that the bullish signal is getting weaker. However, this is merely a signal of technical correction. This technical correction will end when we see the histogram move up. Nonetheless, the slope of the MACD line is still ascending, suggesting that the outlook is still bullish. (Study C)

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