The KLCI had its intra-day low reaching 1509.49 points, but started to rebound after the session break, ended 7.74 points or 0.51% high to close at 1521.29 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI while the resistance remains unchanged at 1530.

As indicated by B, total market volume fell 22.74%, with volume still above the 40-day volume moving average. This suggests that the market is relatively active, and if volume should continue to stay above the 40-day volume moving average, while the KLCI is still supported by the 14, 21, 31 EMA, the market sentiment overall is likely to remain positive.

As indicated by C, the Stochastic rebounded on Tuesday, leaving the short term bearish region. At the moment, the Stochastic %K is at 66.07%, which is the neutral region, with some positive bias. If the Stochastic could break above 70%, it would be entering the short term bullish territory.

In conclusion, the technical outlook remains positive for the KLCI but since the KLCI is still capped under the 1530 resistance, the upside room is still limited. In short, the KLCI is consolidating in a sideways manner while its uptrend is still intact. For now, no sign of bearish reversal yet.