As indicated by A, the FBM KLCI rebounded and tested the 1655 resistance, but is temporary still unable to break above this resistance. The 14, 21, 31 EMA shown on the chart above, is still serving as the dynamic support to the KLCI uptrend.

As indicated by B, total market volume increased 8.62%, with volume above the 40-day Volume Moving Average. This suggests that the market was actively participated. However, since there are still more losers than gainers on Monday, the higher volume is still implying a stronger selling pressure.

As circled at C, the MACD histogram stopped falling, and it could be forming a Rounding bottom. If the MACD histogram should continue rising, it suggests that the short-term movement of the KLCI is picking up some strength again.

In conclusion, the KLCI uptrend remains intact, and if the KLCI could break above this resistance, it would likely to extend its uptrend movement. However, profit taking remains strong, and this may still suggests that investors are not feeling entirely confident about the market; thus, the overall cautious sentiment does not tally with the positive performance of the KLCI, as the uptrend is rather selective.