Correction of the KLCI continued on Thursday with the KLCI touching its daily at 1068.51 points before closing at 1075.47 points. As pointed by A, the KLCI was now supported by the 21 EMA dynamic support. Therefore, the 14, 21, 31 EMA is still the dynamic support to the KLCI. (Study A). At the moment, the KLCI remained consolidating in a congestion zone while the 1038 level is the next support level, and the immediate resistance remained at 1100 level.

Total market volume on Thursday was 17.7% lower, with only 7.86 million shares traded. As pointed by B, the market volume was below the 40 days VMA level suggested a lack of market participation. If the KLCI was to regain its strength, more volume, which implies more capital inflow is needed. (Study B)

As pointed by C, WinChart RSI continued staying below 70% level. This suggests that the market movement for the mid-term is still at neutral. WinChart RSI must return to above 70% region to signal the resume bullish movement. (Study C)

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