On Tuesday, the KLCI opened lower, but it managed to return to above the 14, 21, 31 EMA dynamic support, gaining 5.89 points or 0.37% to close at 1597.17 points. (Study A). This shows that the KLCI uptrend is not yet violated, but the resistance remains at 1600-1609.33.

As indicated by B, total market volume increased 2.7%, with volume still below the 40-day Volume Moving Average. Again, this suggests that the market participation is 'insufficient' as investors are still not feeling confident about the market.

As indicated by C, the Stochastic is hovering around 50% region, suggesting that the short-term move

of the KLCI is consolidating in a sideways manner. Direction for the KLCI is unclear, until the Stochastic should break above 70%, or break below 30%.

In conclusion, the KLCI is still consolidating in its uptrend, and until now, there are still no signs of any reversal. Nevertheless, if the KLCI should break above 1600-1609.33 resistance, a significant increase of volume is needed to confirm the signal.