As indicated by A, the KLCI has its early gain reaching up to 1654.34 points, but soon profit taking pulled the KLCI lower. At the close, the KLCI fell 3.69 points to 1650.09 points. Since the KLCI is showing signs of a possible consolidation, the immediate resistance is now at 1654.34 points, while the support is still at the 14, 21, 31 EMA dynamic support.

As indicated by B, total market volume increased 40.31%, with volume above the 40-day Volume Moving Average. The rising of volume suggests that the market is well-participated. However, with the KLCI falling, the higher volume might imply some increased of selling pressure.

As circled at C, the Stochastic retreat a little, after touching 100% for two days. With the Stochastic still above 70%, the short-term movement of the KLCI is still on the positive region. If the Stochastic should break below 70%, it would be a signal suggesting a beginning of a technical correction.

In conclusion, after rising for a few days, it is rather normal for the KLCI to retreat or to consolidate. With the KLCI above the 14, 21, 31 EMA, the overall uptrend is still intact, and the immediate technical outlook for the KLCI remains positive.