As indicated by A, the FBM KLCI is still consolidating, while testing the 14, 21, 31 EMA dynamic support. The KLCI fell 1.53 points to close at 1645.58 points. Immediate resistance for the KLCI is at 1655. With the KLCI above the 14, 21, 31 EMA, the uptrend remains intact.

As indicated by B, total market volume increased 4.29%, with volume above the 40-day Volume Moving Average, and this shows that the market participation is relatively active. However, since profit taking is rather active, the higher volume may actually imply a stronger selling pressure.

As circled at C, the MACD histogram is still falling, suggesting that the KLCI short-term is losing strength. The short-term weakening signal shall remains intact, until the MACD histogram should form a Rounding Bottom.

In conclusion, the KLCI consolidation continues, with some short-term weakness. However, this has not interrupted the current uptrend as the KLCI is still supported by the 14, 21, 31 EMA dynamic support. Nevertheless, due to the active profit takings, it suggests that investors are still not feeling too confident about the current market.