On Friday, the KLCI had its daily high reaching 1630.57 points, but due to the active profit takings, the KLCI could only gain 1.03 points, closing at 1624.94 points. As indicated by A, the KLCI is still testing the 14, 21, 31 EMA dynamic support, while still below the L2 uptrend line. Resistance for the KLCI remains at 1647.94 points.

As indicated by B, total market volume fell 14.98%, and as a result, volume failed to break above the 40-day Volume Moving Average. This suggests that the market overall is back to quiet. However, as the KLCI is consolidating, the lower of volume is usually normal.

As indicated by C, the Stochastic stays below 30%, in the short-term bearish territory. Therefore, the short-term bearish signal remains intact, suggesting that the short-term movement of the KLCI is weakening.

In conclusion, the KLCI is consolidating, while still supported by the 14, 21, 31 EMA dynamic support, despite some short-term weakness. With the KLCI closing below the L2 uptrend line, it suggests that the L2 uptrend has been temporary interrupted, but still, it is too soon to call for any bearish reversal, for the KLCI could extend its consolidation.