As indicated by A, the FBM KLCI remains above the L1 uptrend line as well as the 14, 21, 31 EMA dynamic support, gaining 7.6 points or 0.5%, to close at 1521.73 points. The KLCI is set to test 1530 resistance.

As indicated by B, total market volume increased 11.99%, and almost touching the 40-day volume moving average. If volume could continue to increase and stay above the 40-day volume moving average, it is likely to help lifting the market sentiment.

As indicated by C, the Stochastic breaks above 70% again, re-entering the short term bullish territory. If the Stochastic could sustain above 70%, it suggests that the market movement for the short term is still positive.

In conclusion, the uptrend remains intact for the KLCI while its technical outlook is also positive. If the KLCI should break above 1530, it would be making a 5-month new high. However, a break out above 1530 should be accompanied by strong volume, or the breakout could be a false breakout.