Meanwhile, the Bollinger Bands expanded 9%, with the KLCI above the Bollinger Middle Band, thus the Bollinger Bands is showing an improvement signal. If the Bollinger Bands should continue to expand, while the KLCI above the Bollinger Middle Band, more upside movement is likely for the KLCI.

As indicated by B, total market volume increased 21.6%, with volume above the 40-day volume moving average. Overall, market is well-participated, thus the market sentiment is likely to stay positive.

As indicated by C, the Stochastic breaks above 70%, re-entering the short term bullish region. Therefore, the Stochastic is now showing a short term bullish signal.

In short, the KLCI is showing some sign of picking up some strength, and if the KLCI could break above the 1500 level, it would break away from its consolidation and continue its uptrend movement.

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