As indicated by A, the KLCI retreated due to strong profit taking activities, and the KLCI is now testing the 1500 and 200-MA support. Meanwhile, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI and the immediate resistance stays at 1530.

As indicated by B, total market volume increased 3.38%, with volume still below the 40-day volume moving average. If volume should increased while the KLCI is falling, it suggests that the selling pressure is strong, which would dampen the current gradually improving market sentiment.

As indicated by C, the Stochastic fell below 70%, which ends the short term bullish signal. This is also a signal suggesting a beginning of a technical correction. If the Stochastic should break below 30%, it would be a short term bearish biased signal for the KLCI.

In conclusion, the uptrend of the KLCI remains intact, as long as the KLCI could stay above the 14, 21, 31 EMA and the L1 uptrend line.