As shown on the chart above, not much has changed for the KLCI. Currently, the KLCI is still consolidating in the trading range between the 1332 support and the 1368 resistance. Mean while, as indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI while the KLCI consolidation continues.

Despite an increase of 25.3% of the Tuesday's total market volume, it remains below the 40-day VMA level. Meanwhile the VMA line is also falling suggesting that the market participation is getting more quiet. Nevertheless, with volume staying below the 40-day VMA level, the KLCI is less likely to regain any strength. (Study B)

As of Tuesday, the Stochastic is still situated in the neutral region, and therefore, this suggests that the KLCI short term has no clear direction, thus the short term market movement is at neutral. (Study C)

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