As indicated by A, the Bollinger Bands expanded 9%, with the FBM KLCI still staying above the Bollinger Middle Band, thus the KLCI is set to continue its bullish movement. The KLCI closed at 1351.82 points, gaining 6.14 points, breaking above the 1350 WinChart Automatic Fibonacci Retracement.

Meanwhile, the KLCI is still testing 1354 resistance, which means, that the overall resistance has not been totally taken out. More confirmation needed.

As indicated by B, total market volume declined 14.4%, but with volume above the 40-day VMA level. This suggests that the overall market is still actively participated, and the market sentiment as a whole is still on the positive side.

As indicated by C, the Stochastic is still staying above 70%, in the short term bullish territory. Therefore, the KLCI short term movement is still on the positive side until the Stochastic should break below 70% level.

With the KLCI above the Bollinger Middle Band as well as the 14, 21, 31 EMA, the uptrend of the KLCI remains intact. However, the KLCI is still testing the 1350 ~ 1354 resistance level.

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