On Friday the KLCI gap up, gaining 10.89 points or 0.69% to close at 1596.33 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI and the KLCI is set to test 1597.08 historical high or 1600 psychological resistance.

Despite gaining over 10 points, total market volume fell 16.73%, with volume below the 40-day Volume Moving Average, indicated by B. This shows that the market is still relatively quiet, and also, we can't see any signs of improvement of investors confidence.

As indicated by C, the is touching 100%, suggesting that the short-term movement of the KLCI is still positive, but getting over-heated. Nonetheless, as long as the Stochastic could stay above 70%, there is no signs of any short-term weakness for the KLCI.

In conclusion, the uptrend of the KLCI remains intact, while awaiting to test the important resistance. However, the sustainability of this uptrend is still doubtful as the volume is shrinking amid the rising of the KLCI. Technically, this volume divergence is not an ideal uptrend characteristic. But still, there is no signs of any bearish reversal yet.