On Tuesday, the KLCI was still trading at a narrow range, closing 3.23 points or 0.21% higher at 1566.05 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI, and the resistance for the KLCI remains at 1600.

As indicated by B, total market volume fell 4.83%, with volume still above the 40-day volume moving average. This suggests that the market is still active. If the KLCI should continue its sideways consolidation, lower trading volume generally normal.

As indicated by C, the Stochastic is still above 90%, and this suggests that the short term movement of the KLCI is indeed positive, but had shown some over-bought condition. Nevertheless, as long as the Stochastic is still above 70%, the short term bullish signal is still intact.

In conclusion, the KLCI is consolidating in its uptrend, and the technical outlook remains positive. Technically, an ideal consolidation would be a low volatility sideways movement. If the KLCI should later rebound from the 14, 21, 31 EMA, it would be forming higher-lows, thus the KLCI would resume its uptrend and likely to test the next big hurdle at 1600.