As indicated by A, the Bollinger Bands Width for the KLCI expanded 16% on Friday, and with the KLCI staying below the Bollinger Middle Band, it suggests that the current movement is bearish biased. Therefore, if the Bollinger Bands Width should continue expanding, the bearish biased outlook is expected to continue. Support for the KLCI is at 1244 Fibonacci line while the resistance remains at the important 1300 psychological level.

As indicated by B, total market volume increased 11.6%, while still staying below the 40-day VMA level. Therefore, the market participation is still relatively insufficient, and the KLCI is likely to stay sideways with some negative biased, if the volume should remain low.

As circled at C, the Stochastic %D line breaks below the 30% level, therefore, confirming the Stochastic %K short term bearish signal. If the Stochastic should continue staying below the 30% level, the short term market movement for the KLCI is expected to be bearish biased.

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