On Thursday, the KLCI was still trading at a narrow range, closing 3.27 points higher at 1525.56 points. The KLCI is still supported by the 14, 21, 31 EMA dynamic support as well as the L1 uptrend line, and the uptrend remains intact. Resistance for the KLCI remains at 1530.

As indicated by B, total market volume fell 20.71%, with volume below the 40-day volume moving average. Generally, if volume should stay below the 40-day volume moving average, it suggests that the market is relatively quiet, and implies that investors are not feeling confident about the market.

As circled at C, the Stochastic remains above 70%, in the short term bullish territory. If the Stochastic could stay above 70%, the short term movement of the KLCI is expected to be positive.

In conclusion, even though market volume fell on Thursday, the uptrend of the KLCI is still intact. However, an uptrend with thin volume suggests some weakness overall.