As indicated by A, the FBM KLCI testing and rebounded from the L2 uptrend line on Friday, with its intraday high reaching 1605 points. At the close, the KLCI gained 4.91 points or 0.31% to close at 1599.15 points. Immediate resistance for the KLCI stays at 1609-1611.

As indicated by B, total market volume fell 16.77%, but volume remains above the 40-day Volume Moving Average. Technically, volume have to stay above the 40-day Volume Moving Average, and continue to increase, in order to sustain the improving market sentiment.

As circled at C, the MACD histogram is still falling, and until now, it has not formed a Rounding Bottom. This suggests that the KLCI short-term is still consolidating or losing strength.

In conclusion, the L2 uptrend line remains intact, as the immediate technical outlook of the KLCI is still positive. Technically, if the KLCI should break above the 1611 points, a strong volume is needed to confirm such bullish signal, and to sustain its uptrend, the KLCI would have to continuously forming higher-lows.