As indicated by A, the KLCI had its intraday high reaching 1580.55 points. However, right before closing, the KLCI was pulled down by Genting and Petronas Chemical, as profit taking was dominating, and as a result, the KLCI only managed to close at 1576.23 points, up only 0.16 points. For now, the KLCI remains above its 14, 21, 31 EMA dynamic support.

As indicated by B, no surprise in total market volume as it is still way below the 40-day Volume Moving Average. This suggests that the market is still lightly participated as investors confidence is still low.

As circled at C, the MACD histogram is still ticking lower, while the Rounding Top remains in-sight. This suggests that the KLCI short-term is still losing strength, or it is still consolidating.

In conclusion, even breaking away from the L1 downtrend line, the KLCI has not shown signs of resuming its uptrend. This is mostly due to the worries about external factor, and the poor market sentiment and investors confidence can be seen in the thin overall trading volume.