As shown on the chart above, the KLCI remains below the T1 dynamic resistance despite an attempt to break out. Therefore, the KLCI remains in consolidation in the symmetrical triangle. (Study A) Meanwhile, the 14, 21, 31 EMA is still serving as the dynamic support, and therefore, if the KLCI should break above the T1 successfully, the EMA will continue serving as the dynamic support of the KLCI uptrend.

Total market volume on Monday increased 3.1% while continue staying above the 40-day VMA level. This suggests that the overall market is well participated. If the volume should remain higher above the 40-day VMA level after the KLCI breaks above the T1 and the 1391.57 resistance, the outlook for the KLCI would likely to be bullish biased. (Study B)

As circled at C, the Stochastic %K remains above the 70% level, while the %D line is still in the neutral region. Therefore, the Stochastic short term bullish signal is still unconfirmed. If the %D line should break above the 70% level, it would confirm the %K signal, and the market movement for the short term would turn to bullish biased. (Study C)

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