The KLCI opened with a gap up on Wednesday, and started catching up with last Friday's gain of the US and the European markets. The KLCI gained 14.41 points or 0.94%, to close at 1553.18 points. As indicated by A, the KLCI is breaking above the 1540 resistance, and the next resistance for the KLCI is at 1600.

As indicated by B, total market volume increased 54.25%, with volume further above the 40-day volume moving average. The increased of volume suggests the increased of inflow of capital, and together with the gain of the KLCI, it is likely to improve the market sentiment as a whole.

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 bullish, and the positive signal is still intact, until the Stochastic should break below 70%.

In conclusion, the uptrend remains intact for the KLCI, and the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI uptrend. Technically, the technical outlook for the KLCI remains positive as long as the KLCI is still supported by the 14, 21, 31 EMA dynamic support.