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The Composite Index ended higher on Tuesday, gaining 2.74 points to 925.51 points. At the moment, resistance for the KLCI remains at the 930 level while the support would be the 10 days Bollinger middle band dynamic support as well as the T2.

As indicated by A, multiple-moving average are rising in convergence. Therefore, the up trend for the KLCI is still intact. (Study A)

On Tuesday, WinChart RSI entered the 70% region for the first time despite the rising of the KLCI is the past two weeks. Nevertheless, according to the WinChart RSI reading, market sentiment for the mid-term is bullish. (Study B)

As shown by C, MACD-Histogram declined further on Tuesday. This suggests that the consolidation is still not yet finished. However, the rate of the decline has somewhat slowed down, thus implying that the consolidation might be coming to an end. Nonetheless, the histogram must form a round bottom signal to signal an end to the consolidation. (Study C)

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