As indicated by A, the FBM KLCI is testing the 14, 21, 31 EMA dynamic resistance, gaining 0.78 of a point to close at 1583.17 points. Immediate support for the KLCI is still at 1566 while the resistance is 1600-1609.33, other than the dynamic resistance.

As indicated by B, total market volume fell 2.91%, with volume below the 40-day Volume Moving Average. Again, this shows that the market is quiet, and technically speaking, the market in overall do not have the ideal technical condition of a bullish trend.

As indicated by C, although the Stochastic is still rising, it has not broken above 50%. For now, the Stochastic is showing a neutral signal.

In conclusion, the KLCI is only having a technical rebound, and not yet a resumption of the previous uptrend. On the other hand, if the KLCI should remains resisted by the dynamic resistance, and forms lower-Highs, it would then suggest a possible downtrend formation.