KLCI technical rebound after successfully supported by the 900 point important psychological support level. As shown on the chart above, T1 is a possible ascending dynamic support, and if the KLCI could stay up above this dynamic support line, an new uptrend line would form. Nevertheless, the 14, 21, 31 EMA will still be the immediate resistance for the KLCI. (Study A)

As indicated by B, WinChart RSI suggested a neutral mid-term market sentiment for the KLCI with it positioning at the 50% level. If the WinChart RSI could stay above the 50% level, there would be some bullish bias to the market strength, and vise-versa. (Study B)

As circled by C, the MACD line remained slightly below zero line and still pointing downward. This suggested that the bear is still stronger than the bull, and if the MACD histogram remain falling, the bearish signal shall continue. (Study C)

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