As indicated by A, the KLCI had its intraday low touching 1616.24 points, and despite closing above its opening price, the KLCI is still losing 0.24 points. Therefore, 1620 is currently the resistance for the KLCI. Meanwhile, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI while the L2 uptrend line remains intact.

As indicated by B, total market volume increased 11.09%, with volume above the 40-day Volume Moving Average. However, with losers outnumbered gainers, together with the KLCI failing to close higher, the increased of volume actually implies some increase of selling pressure, or active profit takings.

As indicated by C, the Stochastic is falling slightly after touching 100%. This suggests that the short-term movement of the KLCI is at over-bought condition. Normally, some pullback is likely in the near future.

In conclusion, it is rather normal if the KLCI should retreat a little after rising for a few days. However, in order to sustain its uptrend, the KLCI would have to be supported by the 14, 21, 31 EMA or the L2 uptrend line, and forming higher-lows. The current technical outlook for the KLCI remains positive.