As indicated by A, the KLCI managed to rebound above the 14, 21, 31 EMA dynamic support on Friday, gaining 6.66 points or 0.43%, to close at 1557.15 points. The immediate resistance for the KLCI remains at 1566.66 while the next major resistance is still at 1600 mark.

As indicated by B, total market volume increased 3.7%, with volume staying above the 40-day volume moving average. This suggests that the market overall is still actively participated, and generally, with volume above the 40-day volume moving average, together with the KLCI supported by the 14, 21, 31 EMA, the market sentiment is likely to stay positive.

As indicated by C, the Stochastic rebounded, while still staying above 70%, in the short term bullish territory. This suggests that the short term movement of the KLCI remains positive.

In conclusion, despite having falling for two days, the uptrend of the KLCI is still untouched, while the technical outlook remains positive. Nevertheless, the 1600 resistance is still a strong resistance for the KLCI.