As indicated by A, the KLCI was supported by the 1500 and the 200-day Moving Average, and the KLCI rebounded 10.21 points to close at 1514.43 points on Thursday. Meanwhile, the 14, 21, 31 EMA and the L1 uptrend line are still serving as the dynamic support to the KLCI while the resistance is at 1530.

As indicated by B, total market volume increased 0.6%, with volume getting closer to the 40-day volume moving average. However, since volume is still not yet breaking above the 40-day volume moving average, it suggests that the market is still relatively lightly participated.

As indicated by C, the Stochastic rebounded on Thursday, breaking above the 70% marginally. If the Stochastic could stay above 70%, the short term movement of the KLCI is likely to be positive.

In conclusion, despite the lack of volume, the uptrend of the KLCI remains intact, while the technical outlook remains positive. Technically, as long as the KLCI could be supported by the 14, 21, 31 EMA or the L1 uptrend line, the technical outlook shall remains bright.