On Friday, the KLCI was still consolidating above the 14, 21, 31 EMA dynamic support, gaining 2.11 points or 0.14% to close at 1558.77 points. As indicated by A, the KLCI had its daily low touching 1553.62 point, and it was precisely supported by the 14-day EMA before rebounding. This shows that the 14, 21, 31 EMA is still the dynamic support to the KLCI uptrend. The immediate resistance for the KLCI stays at 1567 and the next resistance is at 1600.

As indicated by B, total market volume fell 13.14%, with volume below the 40-day Volume Moving Average. This suggests that the market is relatively quiet on Friday. However, as mentioned earlier, the lower volume is rather normal as the KLCI is consolidating.

As indicated by C, the Stochastic rebounded slightly on Friday, not breaking below 30%, thus not giving any short-term bearish signal. However, the Stochastic is also not showing any bullish signal neither as it has not yet broken above 70%.

In conclusion, the uptrend for the KLCI remains intact and the technical outlook is still on the positive side. However, in order to extend this uptrend, the KLCI would have to break above its immediate resistance of 1567, together with the increased of volume, breaking above the 40-day Volume Moving Average.