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The KLCI ended firmer on Tuesday, gaining 4.47 points to 906.98 points. As shown on the chart above, the KLCI managed to get back into the up trend channel (T1 and T2). Immediate support for KLCI is now at the T2 dynamic support, followed by the 900 psychological level; while the resistance for the KLCI is still at 914 level. (Study A)

10 days Bollinger band width contracted 4%, which canceled out the bearish signal and now suggesting further consolidation of the KLCI.

Total market volume on Tuesday stood at 640 million shares, a 9.7% increase from yesterday's total market volume. Volume at this level suggests that the market is indeed active and liquid, and the sentiment for the KLCI is likely to stay positive. (Study B)

%K of the Stochastic rebounded, leaving the short-term bearish region into the neutral region. This suggests that the market sentiment for the short-term remains at neutral. (Study C)

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