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On Tuesday, the Composite Index broke the previous 931 resistance level while managed to close at the intra-day high at 932.83 points. (Study A) The break out on Tuesday is yet to confirm; which means that the Composite Index must not fall back below 931 level; or else, it would be a false break out.

Nevertheless, 10 days Bollinger band width expanded another 62%, suggesting an increase in the upside volatility. Provided that the band width could expand further, there are more upside room for the KLCI. Immediate support for the Composite Index is now at 931 level as well as the 10 days Bollinger middle band dynamic support while the next resistance would be at 937 WinChart automatic Fibonacci Retracement level.

As indicated by B, total market volume on Tuesday stood at 958 million shares, 3.8% higher than Monday's total market volume. Needless to mention, the volume on Tuesday was higher than 40 days VMA level suggested that the market was well participated, and also provide a support to the break out. If the volume could maintain its level above the 40 days VMA level, the bullish outlook for Composite Index would likely to continue. (Study B)

As pointed by C, Momentum is currently on the rise. In order to confirm a true rally, Momentum has to rise in line with the Composite Index. In addition, Momentum on Tuesday has broken above the descending line suggested and end of the consolidation. (Study C)

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