KLCI ended higher on Tuesday, gaining another 7.98 points to 1306.34 points. As shown on the chart above, the 1285 level remained as the immediate support for the KLCI while the 14, 21, 31 EMA is still serving as the rising dynamic support. (Study A).

As pointed by B, total market volume gained 14.2% on Tuesday, and managed to touch the 40 days VMA level. This suggested that the market participation is relatively “sufficient”. However, the sustainability of this recent bullish movement would depend on the consistency of the volume above the 40 days VMA level. (Study B)

MACD histogram continued ticking higher, suggested that the bullish MACD signal is still gaining strength. If the MACD histogram formed a rounding top, it would be a technical correction signal for the KLCI. (Study C)

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