As indicated by A, the KLCI had a rebound in the its early trading, but precisely resisted by the 31-day EMA. At the close, the KLCI fell 2.93 points or 0.19%, at 1579.35 points. Resistance for the KLCI stays at 1600-1609.33 level.

As indicated by B, total market volume increased 3.77%, but volume remains below the 40-day Volume Moving Average, suggesting that the overall market participation is still insufficient.

As indicated by C, the Stochastic is still falling, while staying below 30%, which is the short-term bearish territory. Short-term movement of the KLCI remains weak, until the Stochastic could successfully break above 30%. Then, it would be a signal suggesting a beginning of a short-term technical rebound.

In conclusion, despite the KLCI short-term weakening movement, it has not formed a downtrend. Technically speaking, the ideal scenario for the KLCI for now is to consolidate in a narrow sideways manner, and this way, it would temporary neutralize some selling pressure.