On Friday, the KLCI was mostly trading below T1; however, at the last minute, the KLCI breached above the T1 marginally. Therefore, the KLCI is now testing the T1 resistance line with the 14, 21, 31 EMA remained as the dynamic support. (Study A) Nevertheless, the next resistance for the KLCI is at 1285.15.

As pointed by B, total market volume increased 22.8% with over 286 million shares. Volume also managed to break above the 40 days VMA level, and therefore, if the KLCI broke above T1 successfully with volume remained above the 40 days VMA, the KLCI might continued its upward movement with the EMA serving as its support. (Study B)

On Friday, MACD histogram ticked lower and therefore, the Rounding Top signal remained intact. This suggested that the KLCI is currently at a correction stage. If the MACD histogram continued to decline, the short-term movement for the KLCI is likely to be negative bias. (Study C)

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