As indicated by A, the KLCI tested the Bollinger Middle Band dynamic resistance again, and precisely resisted by the Bollinger Middle Band. Therefore, the Bollinger Middle Band is still the dynamic resistance for the KLCI, while the support is still at 800 points and the other resistance is at 877 WinChart Automatic Fibonacci Retracement.

As shown on the chart, the Bollinger Bands Width expanded 6%, with the KLCI remained below the Bollinger Middle Band. Therefore, the immediate outlook for the KLCI is still bearish biased. If the Bollinger Bands Width should continue to expand with the KLCI below the Bollinger Middle Band, the would be more downside room for the KLCI.

As indicated by B, total market volume increased 66.9%, but still below the 40-day VMA level. This shows that the overall market participation has improved slightly, but still relatively insufficient.

As circled at C, the Stochastic had a rebound in the early trading on Tuesday, but as the KLCI started to decline in the afternoon session, the Stochastic returned to the 0% level, while still showing a short term bearish biased signal. Meanwhile, as the Stochastic is still touching 0% level, the over-sold signal remains intact, and therefore, some form of technical rebound is still expected in the near future. Nevertheless, despite a chance of a technical rebound, the Stochastic is still staying in its bearish region, unless the Stochastic could break above 30% level.

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