As indicated by B, total market volume fell 16.30%, with volume below the 40-day Volume Moving Average. This suggests that the market participation is still low, as investors are still not feeling confidence with the local market.

As indicated by C, the Stochastic rebounded, and broke above the 30% by margin. Technically, the Stochastic is breaking away from the short term bearish territory, but it does not mean a reversal signal, unless the Stochastic could break above 70%, then only it will suggests a short term bullish biased movement for the KLCI.

In conclusion, after falling for a few days last week, the rebound on Monday is normal, but it does not mean the KLCI is regaining its strength. The technical outlook shall remains weak, but the KLCI is not yet forming a bearish trend, for the KLCI is still standing above the critical support of the year 2011, the 1480~1500 level.

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