(M) Sdn Bhd 

Composite Index ended lower on Monday, losing 5.37 points to 906.53 points. As indicated by A, the KLCI is now support by the 10 days Bollinger middle band dynamic support. This is the target of the pullback effect which happened last week, and if the KLCI could rebound at the middle band, the bullish sentiment could sustain. However, if the KLCI broke this support, it could dampen the sentiment and the end the rally. (Study A)

WinChart RSI remained in the neutral region, suggests that the strength of the KLCI is still below bullish. Nonetheless, based on the WinChart RSI reading, market sentiment for the mid-term is still at neutral. (Study B)

%K of the Stochastic has dropped below the 70% level, suggesting that the short-term bullish sentiment has ended. Mean while, %D is still lagging behind, barely holding above the 70% level. If the %D line dropped below the 70% level, it shall confirm the %K signal, thus market sentiment for the short-term would be at neutral. (Study C)

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