(M) Sdn Bhd 

The Composite Index opened gap down on Wednesday's trading and soon the gap was closed in the morning session. However, the KLCI was resisted by the 10 days Bollinger middle band. (Study A) Additional resistance for the KLCI would still be at the 914 level, while important support for the KLCI is now at the 900 psychological support level.

Total market volume on Wednesday stood at 599 million shares, a 2.6% decrease from yesterday's total market volume. At this moment, the volume remains above the 40 days VMA level suggesting that the that the market is still active. In other words, the volume suggests that there are still interests in the market participation. (Study B)

Both %K and %D line has now dropped below the 70% level, suggesting that the short-term bullish sentiment has ended. According to the Stochastic reading, market sentiment for the short-term is at neutral.(Study C)

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