KLCI ended lower on Tuesday, closing 2.73 points lower to 962.82 points. As indicated by A, the 14, 21, 31 EMA is remained as the immediate dynamic support to the KLCI. As a result, the KLCI has not shown any bearish signal at the moment. Nonetheless, 970.49 Fibonacci Retracement remained an important resistance level while the lower support is still at 949.91 Fibonacci Retracement.

As circled by B, WinChart RSI remained in the neutral region, suggesting that the market sentiment for the mid-term is at neutral. Generally, the WinChart must break above the 70% level to signal a mid-term bullish signal. (Study B)

Stochastic %K remained above the 70% bullish region while waiting for the confirmation of the %D line, which is still at the neutral region. At the moment, the bullish %K signal is yet to confirm, and therefore, market sentiment for the short-term is still at neutral. (Study C)

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