On Monday, the FBM KLCI had its intraday low reaching 1475.71 points, but started to pick up some strength again in the afternoon session, and at the end of the trading day, gaining 10.07 points or 0.68%, to close at 1491.89 points. Despite breaking above 1487 resistance, the break out is yet to be confirmed, as the break out was not supported by strong volume. Support for the FBM KLCI remains at 1453 followed by the 14, 21, 31 EMA dynamic support.

As indicated by B, total market volume fell 29.07%, but still above the 40-day volume moving average. This suggests that the market is still activity participated, but the retreat of volume has failed to confirm the breakout of the KLCI above its resistance.

As indicated by C, the Stochastic stays above 70%, in the short term bullish territory. Therefore, this suggests that the short term movement of the KLCI is still positive.

In conclusion, the short-term uptrend of the KLCI remains intact, and with the KLCI above the 14, 21, 31 EMA, the technical outlook for the FBM KLCI is positive.

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