As indicated by A, the KLCI breaks above 1611, making a historical new high of 1614.79 points, before settling down at 1613.75 points. The KLCI gained 6.01 points or 0.37%. Since the KLCI is making a historical new high, there is no valid resistance for now until the KLCI begins to retreat. The L2 uptrend line remains intact, while the 14, 21, 31 EMA continues to serve as the dynamic support.

Although the KLCI is making its historical new high, total market volume did not increase. As indicated by B, total market volume fell 13.63%, with volume slightly above the 40-day Volume Moving Average. Technically, this breakout is not confirmed.

As indicated by C, the MACD histogram ticked up on Wednesday, although not significant. If the MACD histogram should continue to rise, it means that the KLCI short-term is picking up some strength.

In conclusion, the KLCI breaks above 1611, making its historical new high and at the same time, extending its L2 uptrend. However, the breakout was not supported by the volume required. Nevertheless, with the KLCI still above the 14, 21, 31 EMA, the immediate technical outlook remains positive.