KLCI advanced in the early session, however, all the early gain was given back during the afternoon session. As shown on the chart above, the KLCI found the immediate support at 937.16 Fibonacci Retracement while the rising 14, 21, 31 EMA remained as the dynamic support. (Study A)

Total market volume for the day was 1.3% lower, further below the 40 days VMA level. This suggested that the market was lackluster. With the KLCI ended mixed on Monday coupled with the relatively low volume, the KLCI is likely to remain in its consolidation. (Study B)

Despite the slight decline of the %K line, Stochastic remained in the bullish region and therefore, the market sentiment for the short-term is still on the bullish bias. Nevertheless, volume places as the most important role at the moment, for in order to sustain its upward moment, the KLCI must be supported by higher volume above the 40 days VMA. (Study C)

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