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On Thursday, the Composite Index ended higher, gaining 3.17 points to 925.11 points. As indicated by A, the KLCI remain supported by the 14 days exponential moving average as well as 920 Fibonacci Retracement line. Still, the upper hurdle for the Composite Index is still at the 931 Fibonacci Retracement level. (Study A and T3)

Mean while, the multiple exponential moving averages rose slightly. With the KLCI being supported, a rising moving average would suggests the improvement of market sentiment. Therefore, it pays to study the moving average at this moment.

As circled by B, WinChart RSI was on the rise as well. On Thursday, the WinChart RSI was situated above the 50% level in the neutral region. Since the WinChart RSI is now rising, it suggests that the market movement might is gaining strength. If the WinChart could break above the 70% level and stays above there, market sentiment for the mid-term would be bullish. (Study B)

%K of Stochastic returned to the 70% level, suggesting that the market sentiment for the short-term is still on the bullish bias. With the %D situated above the 70% level, it suggests that the sentiment for the short-term is still bullish. (Study C)

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