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The Composite Index rebound slightly on Tuesday, gaining a marginal 0.99 point to 907.52 points. As indicated by the arrow A, the KLCI is supported by the 10 days Bollinger middle band dynamic support while still resisted by the 914.3 resistance line. (Study A)

Mean while, 10 days Bollinger band width contracted 3%, suggesting that the market direction is still unclear.

Total market volume on Tuesday stood at 615 million shares, a 8.3% increased from yesterday's total market volume. This suggests that the market is still active, thus the KLCI is likely to maintain the bullish sentiment. (Study B) Nonetheless, the KLCI must break above the 914 resistance. Or else, the prolong consolidation would gradually fade away many side-liners.

The MACD histogram continue to tick lower, suggesting that the the bullish signal is gradually weakening. This also suggests that the KLCI is still consolidating. The short-term down side bias would continue until the histogram begins to tick up, or forming a round bottom signal. (Study C)

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