On Tuesday, the KLCI had its intra-day low reaching 1558.13 points, losing up to 2.39 points. Fortunately, the KLCI regained its strength in the afternoon session, and managed to close 3.21 points or 0.21% higher at 1563l.78 points. Despite that, the KLCI was still traded in a narrow range while still supported by the 14, 21, 31 EMA dynamic support, which suggests that the uptrend is still intact. Please refer to arrow A.

As indicated by B, total market volume gained marginally 1.63%, with volume closed to the 40-day Volume Moving Average level. This shows that the market is relatively quiet, but it is a normal sign as the KLCI is consolidating in a narrow sideways manner.

As indicated by C, the Stochastic remains above 70%, in the short-term bullish territory, and this suggests that the KLCI short-term movement is still positive.

In conclusion, the temporary resistance for the KLCI is at 1567 while the next major resistance is still at 1600. Technically, with the KLCI above the 14, 21, 31 EMA dynamic support, the technical outlook remains on the positive side.