KLCI ended higher, making another multi year new high at 1086.37 points and closing the day at the 1080 resistance level. The 1080 is the Fibonacci Retracement level based on the high of 1332.04 in the year of 1993 and the low 261.33 points in the year of 1998. Therefore, the KLCI is now temporary resisted by the 1080. (Study A). Nevertheless, supports for the KLCI are found at 1038, 1022, and 1000 psychological level.

Total market volume increased 62.1% on Thursday, with 1.58 billion shares traded. As pointed by B, the volume was obviously above the 40 days VMA level which also suggested that the market was well participated. (Study B)

As circled by C, both lines of the Stochastic are still situated above the 70% level, which is the short-term bullish region. Therefore, based on the Stochastic reading, it suggests a bullish short-term market movement. (Study C)

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