KLCI ended mixed on Friday while remained supported by the 14, 21, 31 EMA. ( Study A) As long as the KLCI is still supported by the EMA, the outlook for the KLCI is still on the positive bias. T1 shall remained as the immediate resistance while 937.16 Fibonacci Retracement is still the immediate support.

As circled by B, WinChart RSI was situated above the 50% neutral region. With the WinChart RSI still gradually rising, it suggests a neutral market sentiment with some bullish bias. (Study B) If the WinChart RSI could continue rising and break above 70% level, market sentiment for the mid-term would return to bullish again.

Stochastic was also situated between the 30% - 70% neutral region. Therefore, market sentiment for the short-term is at neutral. (Study C) Since the Stochastic %K is a highly sensitive indicator, if %K dropped below the 30% level, it would suggest a weaker sentiment of the KLCI.

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