As indicated by A, the FBM KLCI rebounded 3.53 points or 0.22% to close at 1578.36 points. The 14, 21, 31 EMA is still serving as the dynamic support to the KLCI while the resistance stays at 1597.08 or 1600 points.

As indicated by B, total market volume increased 1.53%, but volume stays below the 40-day Volume Moving Average. This suggests that the overall market is still lightly participated. Technically, the lower market participation suggesting that the KLCI uptrend is lacking one of its major ideal criteria. This is critical when the KLCI is testing its historical high resistance.

As indicated by C, the Stochastic rebounded slightly on Thursday, but not yet breaking above 70%. If the Stochastic should stay around 50%, the KLCI is likely to consolidate in a sideways manner.

In conclusion, with the KLCI above the rising 14, 21, 31 EMA, the uptrend remains intact. In fact, if the KLCI should form higher-lows above or at the 14, 21, 31 EMA, it is a signal suggesting that the KLCI could extend this uptrend. But still, the major set back is the lack of sufficient market participation, and therefore, the reliability of any break out is reduced.