KLCI gapped up on Tuesday, closing 13.06 points higher to 1205.28 points. As pointed by A, the 1216 resistance level is now the crucial resistance level to the KLCI. In order to break out of this resistance, it must be accompanied by a significant increase of market participation. Nevertheless, supports for the KLCI are still found at 1139.75 followed by 1105.40 Fibonacci Retracement.

Total market volume increased 27% on Tuesday, with over 137 million shares traded. However, as pointed by B, volume is still below 40 days VMA level, which suggested that the market force is relatively still insufficient. Therefore, if the KLCI was to resume its upward movement, we must have the volume breaking and maintaining above 40 days VMA level. (Study B)

WinChart RSI ticked up on Tuesday as the KLCI ended higher. At the moment, WinChart RSI is still showing a mid-term neutral signal. Therefore, it suggested a neutral market movement. (Study C)

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