As shown on the chart, the Bollinger Bands expanded 15%, with the KLCI above the Bollinger Middle Band, thus the immediate technical outlook for the KLCI remains bullish bias.

As indicated by B, total market volume increased 8.11%, with volume firmly above the 40-day volume moving average. This suggests that the market is still actively participated, and generally, the market sentiment is likely to stay positive with volume above the 40-day volume moving average.

As indicated by C, the MACD breaks above the trigger line, thus showing a bullish signal, and as a result, the MACD histogram ticked up above the zero level, and if the MACD histogram is still rising, it suggests that the KLCI is still picking up strength, until the MACD histogram should form a Rounding Top.

In short, the break out of the KLCI above 1525 was insignificant, but nevertheless, it still marks an all time new high. Uptrend for the KLCI remains intact as the 14, 21, 31 EMA is still firmly supporting the KLCI uptrend.

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