On Monday, the KLCI was still consolidating, losing 6.83 points or 0.42%, closing at 1636.17 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI while the L2 uptrend line remains intact. Resistance for the KLCI is still at 1647.94 points.

As indicated by B, total market volume fell 25.96%, with volume below the 40-day Volume Moving Average. This suggests that the market was lightly participated. But since the KLCI is consolidating, the lower volume is actually normal. Meanwhile, losers outnumbered gainers significantly (565 losers vs 194 gainers) suggesting profit taking was active on Monday.

As indicated by C, the Stochastic breaks below 70% for the first time since 29^th of June, triggering a short-term technical correction signal.

In conclusion, the KLCI is consolidating, together with a short-term correction signal. However, as long as the KLCI could stay above the 14, 21, 31 EMA dynamic support, the technical outlook shall remains positive. Meanwhile, the KLCI uptrend is still intact.