As indicated by A, the KLCI had its intraday high reaching 1474.55 points, but after the mid day session break, profit taking began to kick in, and the KLCI gave up some of its early gains, closing at 1467.10 points, gaining 6.97 points or 0.48%. Resistance for the KLCI remains at 1500 as well as the 200-day Moving Average, while the support remains at 1430.

As indicated by B, total market volume increased 23.06%, but volume is still below the 40-day volume moving average. This suggests that despite the increased of trading activities, market overall is still quiet.

As indicated by C, the Stochastic rebounded slightly, but still in the neutral region (30% ~ 70%). This suggests that the KLCI is consolidating in a sideways manner.

In conclusion, the KLCI is consolidating within 1430 ~ 1500 level, but the long term view of the KLCI remains gloomy as the KLCI is still staying below the 200-day Moving Average.