As indicated by A, the FBM KLCI was consolidating at a narrow range on Wednesday, losing only 1.98 points or 0.13%, to close at 1517.38 points. Resistance for the KLCI remains at 1530.

As indicated by B, total market volume increased 3.22%, but still below the 40-day volume moving average. This suggests that the market overall is still relatively quiet. However, it is normal to see lower trading volume when the market is moving in a sideways manner.

As indicated by C, the Stochastic failed to return to the short term bullish territory (above 70%), and right now staying between 50% - 70% level. Technically, if the Stochastic should stay around 50%, it suggests a short term sideways consolidation for the KLCI.

In conclusion, despite having supported by the 14, 21, 31 EMA dynamic, and the uptrend is still intact, the KLCI is yet to break above 1530 in order to sustain this uptrend. Nevertheless, the KLCI is not yet showing any signs of weakness for now.