KLCI successfully rebounded from the 14, 21, 31 EMA dynamic support, ended the day 1.89 points higher to 958.99 points. As pointed by A, the 14, 21, 31 EMA shall continue serving as the dynamic support to the KLCI, and provided that the KLCI could maintain its position above the EMA, outlook for the KLCI would be bullish bias. Nevertheless, the next resistance for the KLCI is still at the 970.49 Fibonacci Retracement.

As circled by B, WinChart RSI rose slightly on Friday, suggested an improving mid-term sentiment of the KLCI. The signal also suggested a bullish bias mid-term sentiment for the KLCI. If the WinChart RSI could break above the 70% level, market sentiment for the mid-term would be bullish. (Study B)

Both the %K and %D line continue rising on Friday. As circled by C, %D of the Stochastic broke above the 30% level marginally, confirmed the %K signal, suggested an end of the short-term bearish signal. At the moment, Stochastic suggested a neutral short-term market sentiment. (Study C)

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