As indicated by A, the KLCI ended with a small candlestick (narrow bodied), suggesting that the KLCI movement was mixed, this implies that the current movement is still unclear, and therefore, it is a wait-and-see situation for the KLCI. Nevertheless, support for the KLCI is still at 1064 WinChart Automatic Fibonacci Retracement while the resistance is at 1100 psychological level followed by the 1120 WinChart Automatic Fibonacci Retracement.

As shown on the chart, the Bollinger Middle Band is the immediate dynamic support for the KLCI. If the Bollinger Bands Width should expands with the KLCI remain above the Bollinger Middle Band, it would be a bullish signal for the KLCI.

As indicated by B, total market volume on Wednesday was almost unchanged while still staying below the 40-day VMA level. Nevertheless, if the market volume should stay above the 40-day VMA level, the KLCI bullish movement is likely to sustain.

As circled at C, the Stochastic is now situated between 50% to 70% level, if the Stochastic should return to above the 70% level, it would be a short term bullish signal for the KLCI. In short, readers can pay attention to the development of the Bollinger Bands Width as well as the Stochastic for the time being.

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