As indicated by A, the KLCI gained 2.59 points or 0.16% on Friday, closing at 1585.83 points. The KLCI is still supported by the 14, 21, 31 EMA dynamic support while the resistance is unchanged at 1597.08 or 1600.

As indicated by B, total market volume fell 30.14%, with volume below the 40-day Volume Moving Average. This suggests that the market overall is lightly participated, as investors are not feeling confident about the market. Meanwhile, profit taking was stronger as there were 520 loser over 282 gainers.

As indicated by C, the Stochastic stays above 70%, in the short-term bullish territory. This suggests that the KLCI short-term movement is still positive. If the Stochastic should break below 70%, it would mark an end to the short-term bullish movement, and a beginning of a technical correction.

In conclusion, due to the support of selected blue chips, the KLCI managed to stay above the 14, 21, 31 EMA and the uptrend is still intact. However, the sustainability of this uptrend is still in doubt as market participation is insufficient. Nevertheless, the KLCI is not showing any signs of weakness either.