Despite the US markets closing lower, the KLCI is still making new high with its daily high of 1632.15 points, before closing at 1629.45 points, gaining 5.16 points or 0.32%. As indicated by A, the KLCI is still staying above the 14, 21, 31 EMA dynamic support as well as the L2 uptrend line.

As indicated by B, total market volume increased 18.4%, with volume above the 40-day Volume Moving Average. This suggests that the market is relatively well-participated, and generally, it is likely to help sustaining the improving market sentiment.

As indicated by C, the Stochastic remains above 90%, which is the short-term over-bought region. This suggests that the KLCI short-term movement is still at over-bought condition, thus a pullback is likely to take place in the near future.

In conclusion, the KLCI extends its uptrend, while short-term is still at over-bought condition. Some pullback or correction is likely in the near future. Nevertheless, with the KLCI above the L2 uptrend line as well as the 14, 21, 31 EMA, the technical outlook for the KLCI remains positive.