As indicated by A, the FBM KLCI is still testing the 14, 21, 31 EMA dynamic support, losing 2.59 points or 0.2% to close at 1577.25. Since the KLCI is still above the 14, 21, 31 EMA, the technical outlook for the KLCI remains positive, and also, the L1 uptrend line is still intact. Resistance for the KLCI is at 1600 psychological level.

As indicated by B, total market volume fell 2.3% on Friday, with volume below the 40-day Volume Moving Average. This suggests that the market is still quiet as investors are not feeling confident about the local market.

As indicated by C, the Stochastic remains below 30%, in the short term bearish territory. As long as the Stochastic is still below 30%, the short term movement of the KLCI is likely to stay weak.

In conclusion, due the short term retreat of the KLCI, many indicators are showing weakening signals. However, as long as the KLCI is still above the L1 uptrend line, the technical outlook for the KLCI shall remains positive, and the uptrend is still intact.

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