Meanwhile, the Bollinger Bands only expanded 4%, and this implies that the Bollinger Bands could be contracting soon. If the Bollinger Bands should begin to contract, it would be a signal suggesting a consolidation or a technical correction for the KLCI.

As indicated by B, total market volume increased 5.96%, with volume above the 40-day volume moving average. Therefore, this suggests that the market overall market is still active, thus the market sentiment is expected to remain positive.

As circled at C, the MACD histogram is still rising, although rather slowly. Nevertheless, the rising of the MACD histogram suggests that the KLCI is still picking up strength, until the MACD histogram should form a Rounding Top.

Despite the KLCI gaining only by margin, the uptrend remains intact, as the 14, 21, 31 EMA is still serving as the dynamic support for the KLCI. For the moment, the KLCI is likely to consolidate.

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