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On Friday, the Composite Index ended mixed, gaining 1.05 points to 921.96. As pointed by A, the KLCI has broken above the multiple exponential moving average lines. Mean while, the KLCI has once again returned above the 920 Fibonacci level. Therefore, the 920 as well as the multiple exponential moving average lines are now serving as the immediate support for the KLCI. (Study A)

If the KLCI could be supported by the 920 Fibonacci level as well as the exponential moving average lines, outlook for the KLCI would continue to improve.

As indicated by B, total market volume on Friday stood at 626 million shares, slightly lower than the previous days' volume. Total market volume on Friday remained below the 40 days VMA level, and therefore, this suggests that the market participation is still relatively inadequate to promote any rally. (Study B)

As shown by C circle, both %K and %D lines are above the 30% level, suggesting that the short-term bearish sentiment has over. At the moment, Stochastic suggests that the market sentiment for the short-term is at neutral. (Study C)

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