On Tuesday, the Composite Index ended higher, closing 2.02 points higher to 951.25. As shown on the chart above, the Composite Index was again resisted by the T3 resistance (Study A), while the uptrend channel is still intact. Mean while, 14, 21, 31 EMAs are still rising, suggested that the Composite Index is still on up trend movement. Nevertheless, 953.88 Fibonacci Retracement remained as the important psychological resistance level while the immediate support would be on the EMA dynamic support. (Study A1)

As pointed by B, total market volume stood at around 1.32 billion shares, a 14.8% increased from the previous' market volume. Total market volume remained above the 40 days VMA level, suggested that the market was well-participated. However, in order to break above the 953.88 resistance, a higher volume is required, or else, breaking this resistance won't be easy. (Study B)

As circled by C, WinChart RSI stayed flat in the neutral region on Tuesday. At the moment, WinChart RSI is still situated above the 50% level in the neutral region, and as a result, the market sentiment for the mid-term is expected to be neutral with some slight bullish bias. (Study C)

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