On Thursday, the KLCI retested the 900 resistance with a daily high at 904.56 points. As indicated by A, the KLCI was precisely resisted by the 14 days EMA dynamic resistance which was also the 903.64 Fibonacci Retracement level. Therefore, resistance for the KLCI remained at the 14, 21 ,31 EMA as well as the 903.64 Fibonacci Retracement while the support is still at 883. (Study A)

Total market volume on Thursday gained 17.5% with over 700 million shares. This again suggested an improved market participation thus providing more help to the KLCI in breaking the current resistance. Nevertheless, if the KLCI failed to break above the resistance with higher volume, that could further reinforce the resistance level, thus making the resistance stronger. (Study B)

MACD line advanced further on Thursday and getting closer to the trigger line. As a result, the histogram ticked higher. Although no bullish-signal has been triggered at the moment, the rising of the histogram still suggested an improved market performance in the short-term. (Study C)

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