The KLCI rose 13.18 points to 1360.07 points. As shown on the chart above, the trading range of the 1368 resistance and 1332 support remains intact. Meanwhile, as indicated by A, the 14, 21, 31 EMA continue serving as the dynamic support to the KLCI.

Total market volume increased 11.2% on Friday but still staying below the 40-day VMA level. With the volume still staying below the 40-day VMA level, the market participation is still relatively low. Therefore, unless the volume can increase significantly and stay above the 40-day VMA level, the KLCI would seem weak in testing the 1368 resistance. (Study B)

On Friday, the Stochastic %K line break above the 70% level, giving an unconfirmed short term bullish signal. If the %D line should break above the 70% level, it would confirm the %K signal and the market movement for the short would turn to bullish biased. (Study C)

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