After gaining nearly 77 points 9 consecutive days, the KLCI finally started its correction on Thursday, ended the Thursday trading 3.38 points lower to 1179.66 points. As pointed by A, the rising 14, 21, 31 EMA shall continue serving as the dynamic support to the KLCI, and if the KLCI was to correct and rebound from the dynamic support, the KLCI uptrend shall continue. (Study A)

Total market volume on Thursday decreased 4.5% while still standing above the 40 days VMA level. This suggested that the market participation as a whole is still active. If the KLCI was to continue its uptrend, the volume must remained above the 40 days VMA. (Study B)

As pointed by C, Stochastic %K fell below 90% level, suggested a beginning of the technical correction. However, provided that the Stochastic could remained above 70%, market movement for the short-term is still bullish bias. (Study C)

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