As indicated by A, after a brief pullback, the KLCI breaks above its recent high of 1633 on Monday, making yet another historical new high, closing that day with 1635.96 points, gaining 9.58 points. Because the KLCI is making a new high again, therefore, we don't see any reliable resistance for now. The 14, 21, 31 EMA remains as the dynamic support for the KLCI while the L2 uptrend line is still intact.

As indicated by B, total market volume fell 13.79%, thus not giving the breakout of the KLCI a confirmation. Nevertheless, with volume above the 40-day Volume Moving Average, the market overall is still considered well-participated.

As indicated by C, the Stochastic %K line is touching 100% again after pulling back a little last week. This suggests that the short-term movement of the KLCI could be over-heating again. However, provided that the Stochastic is still above 70%, the short-term movement of the KLCI is still positive.

In conclusion, despite the minor retreat last week, the KLCI uptrend remains intact. Technically, the technical outlook for the KLCI remains positive, as long as it is supported by the 14, 21, 31 EMA dynamic support or the L2 uptrend line.