On Friday, the KLCI was trading at a narrow range, gaining 1.85 points or 0.12% to close at 1603.12 points. For the moment, the KLCI is still testing 1600-1609.33 resistance while the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI, as indicated by A.

As indicated by B, total market volume increased 22.55%, but volume remains below the 40-day Volume Moving Average. This shows that the market is still quiet, and the participation has not reached the ideal level to sustain an uptrend.

As indicated by C, the Stochastic breaks above 70% by margin, and if the Stochastic should continue to stay above 70%, the short-term movement of the KLCI is likely to be positive.

In conclusion, by only analyzing the price trend of the KLCI, the technical outlook for the KLCI remains positive, as the uptrend remains intact. However, the major concern is still the lack of volume. If the KLCI should break above the resistance with weak volume, the break out would be unreliable.