(M) Sdn Bhd 

On Friday, the Composite Index closed mixed, gaining a insignificant 0.87 points to 914.01 points. As shown on the chart above, the KLCI is precisely resisted by the 914 resistance level, despite making an intra-day high at 915.8 points. Support for the KLCI remains at the T2 dynamic support as well as the 10 days Bollinger middle band. (Study A)

Total market volume on Friday stood at 682 million shares, a 0.7% lower from yesterday's total market volume. Nonetheless, the volume at this level still suggests that the market was well participated. With the volume above the 40 days VMA level, market outlook is expected to be positive.(Study B)

%K of the Stochastic has retreated slightly, but still it is situated at the short-term bullish region. Mean while, %D also breached above the 70% marginally, giving a confirmation of the short-term bullish signal. Provided we see both of these lines staying above the 70% level, market sentiment for the short-term is likely to be bullish. (Study C)

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