As pointed by A, the KLCI was precisely resisted by the 1080 resistance level again on Friday, closing the day at 1079.72 points, up 3.04 points. Therefore, the 1080 is still the immediate resistance to the KLCI, and the KLCI is still in its consolidation phase. Nevertheless, the 14, 21, 31 EMA are still serving as the support to the KLCI, and the next support level is at 1038 level.　

Total market volume remained lower, with slightly above 733 million shares traded on Friday, a 1.8% lower than the previous day total market volume. Mean while, the volume is still below the 40 days VMA and therefore, it shows that the market sentiment is still weak. (Study B)

WinChart RSI rebounded slightly on Friday, and continued floating at the 50% level. As mentioned earlier, when the WinChart RSI is moving sideways around the 50% level, it suggest a trendless market and therefore, the market movement for the mid-term is still neutral. (Study C)

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