Meanwhile, the Bollinger Bands expanded 7%, with the KLCI above the Bollinger Middle Band. The Bollinger Bands is showing a positive signal for the KLCI, and if the Bollinger Bands should continue to expand, with the KLCI above the Bollinger Middle Band, more upside movement for the KLCI is likely.

As indicated by B, total market volume increased 37.14%, with volume above the 40-day Volume Moving Average. This suggests that the market participation is improving, and if volume should stay above the 40-day Volume Moving Average, the market sentiment as a whole is likely to improve too.

As indicated by C, the Stochastic remains above 70%, in the short term bullish territory. Technically, with the Stochastic above 70%, it suggests that the short term movement of the KLCI is positive.

In conclusion, with the KLCI above the 14, 21, 31 EMA, and if volume should remain above the 40-day Volume Moving Average, the KLCI is likely to pickup some strength.

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