On Tuesday, the KLCI ended lower with a lost of 6.41 points to 925.49 points. As indicated by A, 10 days Bollinger Band width remained unchanged. However, since the KLCI is now below the Bollinger middle band, an expansion of the Bollinger Band width would suggest more down side movement. (Study A)

Nevertheless, KLCI has broken the 926 support marginally, and the next support would be at 913 level followed by the 900 psychological level. Immediate resistance, on the other hand, is seen at the 935 level, followed by the 954 level.

As shown on the chart above, total market volume on Tuesday remained low, and continue staying beneath the 40 days VMA level. Again, this suggests that the market participation was insufficient, thus the market was still absent of buying interest. (Study B)

Although %K of the Stochastic has triggered a bullish signal yesterday, the signal was unconfirmed. On Tuesday, the %K line fall back to the neutral region with the %D line continue staying in the neutral region. Therefore, the market sentiment for the short-term remained at neutral. (Study C)

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