On Tuesday, the KLCI had its intra-day low reaching 1580.51 points, losing up to 8.71 points. But due to the support of some heavy weighted blue chips, the KLCI managed to reclaim its earlier losses, and even closed at 1589.91 points, up 0.69 of a point. Resistance for the KLCI remains at 1597.08 historical high or 1600 psychological level, while the 14, 21, 31 EMA is still the dynamic support as indicated by A.

Despite reclaiming its earlier losses, losers outnumbered winners by 519 to 257. Meanwhile, as indicated by B, total market volume fell another 11.08 % with volume below the 40-day Volume Moving Average. This shows that investors are taking extra caution as the KLCI is approaching its historical high. The lower volume also implies a weaker investor confidence, and lower inflow of fresh capital.

As indicated by C, the Stochastic stays above 70%, in the short-term bullish territory, and the short-term movement of the KLCI is still on the positive side.

In conclusion, despite technical indicators like the 14, 21, 31 EMA and the Stochastic are not showing any weakening signal, the declining of volume recently with the continuous rising of the KLCI has formed a Price-Volume divergence. This generally implies that the uptrend is losing strength.