(M) Sdn Bhd 

Composite Index ended mixed on Friday, closing the week at 920.31 points, downed 0.32 point. 10 days Bollinger band width contract further, 6%, suggesting that the consolidation of KLCI continues. At the moment, support for the KLCI is at the 10 days Bollinger middle band dynamic support while resistance remains at the 930 level. (Study A)

Total market volume for the day stood at 1.018 billion shares, a 11.3% decreased from the previous total market volume. However, it is still above the 40 days VMA (volume moving average) level, suggesting that the market force is still in support. (Study B)

As indicated by C, the MACD histogram continued declining, suggesting that the bullish signal of the MACD is weakening. In other words, the market is consolidating. Nonetheless, no bearish signal is triggered at this moment. (Study C)

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