(M) Sdn Bhd 

On Monday, the Composite Index ended mixed, gaining 2.46 points to 922.77 points. As indicated by A, the KLCI remains supported by the 10 days Bollinger middle band dynamic support. However, 10 days Bollinger band width contracted another 16% on Monday, suggesting the consolidation of KLCI. Nevertheless, resistance for the KLCI is still at the 930 level while support is at the 10 days Bollinger middle band as well as the T2 dynamic support. (Study A)

Total market volume on Monday gained 33.2%, stood at 1.35 billion shares. Which is a new high since 15th of July 2003. While the total market volume was rather exhilarating, majority of the volume were contributed from 2nd and 3rd liners, namely second board and the Mesdaq market. Therefore, the active volume has no direct influence to the performance of the KLCI but it certainly promotes the general sentiment of the Bursa Malaysia. (Study B)

As indicated by the C curve, MACD histogram declined, suggesting that the consolidation is still not ended. Mean while, MACD line is still above the signal line, giving no bearish indication to the KLCI. (Study C)

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