On Monday, the KLCI rebounded 7.41 points or 0.46% to close at 1632.35 points, after finding its support from the 14, 21, 31 EMA dynamic support. Although the KLCI has not yet returned to above the L2 line, with the KLCI being supported by the 14, 21, 31 EMA, the KLCI is basically still in its uptrend. Resistance for the KLCI is at 1647.94 points.

As indicated by B, total market volume increased 25.58%, with volume above the 40-day Volume Moving Average. This generally suggests that the market is actively participated, and if volume could sustain above the 40-day Volume Moving Average, it would help sustain the KLCI or the market overal uptrend.

As indicated by C, the Stochastic breaks above 30%, leaving the short-term bearish territory as the KLCI rebound. Currently, the Stochastic is showing a neutral signal. If the Stochastic could break above 70%, it would be a short-term bullish signal for the KLCI.

In conclusion, with the KLCI rebounding from the 14, 21, 31 EMA, there is a chance for the KLCI forming higher-lows, if so, it means that the KLCI is likely to extending its uptrend movement. Technically, provided that the KLCI could stay above the 14, 21, 31 EMA, the technical outlook for the KLCI remains positive.