As indicated by A, the FBM KLCI had its intraday low of 1473.68 points, but it managed to rebound after being supported by the 14, 21, 31 EMA dynamic support, ended 2.07 points or 0.14% higher. Resistance for the KLCI remains at 1500 while the support is at 1430 other than the 14, 21, 31 EMA dynamic support.

As indicated by B, total market volume fell 7.65%, but still above the 40-day volume moving average. This suggests that the market is still actively participated. However, since these actively traded stocks are mostly penny stocks, and Call-Warrant, the high market volume is not necessary reflecting the improvement of investors confidence.

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

In conclusion, with the KLCI above the 14, 21, 31 EMA dynamic support, the technical outlook for the KLCI is still positive, but the KLCI has not yet resume its uptrend, not until the KLCI could successfully break above 1500 and the 200-day MA. Nevertheless, the KLCI is still likely to consolidate within 1430 ~ 1500.