On Friday, the KLCI was traded in a narrow range, losing 3.66 points or 0.23% to close at 1561.66 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI. Immediate resistance for the KLCI is at 1565 while the next major resistance is at 1600.

As indicated by B, total market volume increased 1.22%, with volume above the 40-day volume moving average. In short, the market is still actively participated. However, if volume should continue to stay high when the KLCI is correcting, it might suggest some increased of selling pressure.

As indicated by C, the Stochastic stays above 70%, despite falling slightly on Friday. This suggests that the short term movement of the KLCI is still positive.

In conclusion, if the KLCI should have a correction, it is only normal. Provided that the KLCI could maintain above the rising 14, 21, 31 EMA dynamic support, the uptrend for the KLCI is still intact, and the technical outlook remains positive.