As indicated by A, the KLCI retreated slightly on Friday while resisted by the 887 WinChart Automatic Fibonacci Retracement. Therefore, the resistance for the KLCI is still at 887 WinChart Automatic Fibonacci Retracement while the support is at 800 points, as well s the T1 downtrend line.

As shown on the chart above, the Bollinger Bands Width expanded another 14%, which is somewhat lower if compared to Thursday's expansion rate. But still, the expansion of the Bollinger Bands Width with the KLCI above the Bollinger Middle Band is still a bullish signal, and provided that the Bollinger Bands Width could still expanding, the bullish Bollinger Bands signal is expected to continue.

As indicated by B, total market volume declined 23.1%, and the volume is still below the 40-day VMA level. This shows that although there are some signs of improvement in the KLCI performance, the overall market sentiment is still very cautious.

As circled at C, the Stochastic retreated on Friday after hitting 100% on Thursday, but still remain above the 70% level. Therefore, this shows that the short term bullish signal of the Stochastic is still intact. In short, the pull back on Friday is still normal with slightly lower volume. As long as the KLCI is still supported by the Bollinger Middle Band, the immediate outlook for the KLCI is still on the brighter side.

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