KLCI rebounded on Friday after 3 consecutive declines, closing the Friday's trading at 1089.32 points, up 13.85 points. As indicated by the A circle, the KLCI regained its position above 1080 level as well ast he 14 days EMA dynamic support. Therefore, the 14, 21, 31 EMA is still serving as the dynamic support. However, the KLCI is still considered in a consolidation stage, because of the thin volume. Nonetheless, immediate resistance is still at 1110 level while other supports are still found at 1038 and 1000 psychological level respectively.

Despite the KLCI rebound strongly, gaining 13.85 points, total market volume on Friday only gained 6.8% while failing to reach the 40 days VMA level. This suggested that the market participation was still weak, thus the KLCI is still consolidating. (Study B)

As pointed by C, WinChart RSI stayed flat on Friday, slightly below the 70% level. At the moment, the WinChart RSI is suggesting a neutral mid-term market sentiment. This is another signal implying that the KLCI is still in a consolidation. (Study C)

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