As indicated by A, the Bollinger Bands Width started to contract for the first time since the KLCI broke below the Symmetrical Triangle. This suggests that the KLCI is likely to consolidate or even technically rebound. Nevertheless, if the KLCI should rebound, the first target would usually be the Bollinger Middle Band dynamic resistance.

In addition, the KLCI formed a Harami Cross candlestick on Friday, which is a 'wait and see' signal, suggesting a possible rebound for the KLCI. Support for the KLCI is still at 833 WinChart Automatic Fibonacci Retracement while the resistance are at the Bollinger Middle Band followed by the 853 WinChart Automatic Fibonacci Retracement.

As indicated by B, total market volume declined 14.5%, with volume still below the 40-day VMA level. This shows that the overall market is still quiet, as investors are still on the sidelines as the market sentiment is still weak.

As circled at C, the MACD histogram ticked higher on Friday, and might be forming a rounding bottom. If the MACD histogram should form a rounding bottom, it would be a signal suggesting a technical rebound for the KLCI.

In conclusion, a consolidation or a technical rebound is crucial for the KLCI at the moment. However, if the KLCI should remained resisted by the Bollinger Middle Band after its possible rebound, the outlook shall remained bearish biased.

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