On Tuesday, the KLCI was traded at narrow range, gaining only 0.26 of a point to close at 1521.99 points. As indicated by A, the KLCI managed to stay above the 14, 21, 31 EMA dynamic support as well as the L1 uptrend line, and the uptrend remains intact. Resistance for the KLCI is at 1530 while the support is at 1500 as well as the 200-day Moving Average.

As indicated by B, total market volume increased 13.13%, with volume breaking above the 40-day volume moving average. This suggests some improvement of market participation. Generally, if volume should remains above the 40-day volume moving average, the market sentiment as a whole is likely to improve.

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, the technical outlook for the KLCI remains positive, despite closing at flat on Tuesday. Technically, the KLCI would have to break above 1530 resistance, in order to extend this existing uptrend.