On Thursday, after opening at 1613.07 points, the KLCI soon begun rising, and at the close, the KLCI gained 14.62 or 0.91% at 1,628.40 points, which is the biggest gain since 2^nd of February this year. As indicated by A, the KLCI is testing the 1625 resistance as well as the 14, 21, 31 EMA dynamic resistance. Support for the KLCI remains at 1600 points.

As indicated by B, total market volume increased 27.34%, with about 10% of the daily volume contributed from the active trading of Air Asia Bhd. Nevertheless, volume is still below the 40-day Volume Moving Average, suggesting that the overall market is still relatively quiet.

As circled at C, the Stochastic breaks above 30%, leaving the short-term bearish territory. This signal only suggests a short-term technical rebound, but not any bullish signal yet, unless the Stochastic could break and stay above 70%.

In conclusion, Thursday's gain is a technical rebound, and the KLCI is not yet resuming its previous uptrend. On the other hand, if the KLCI should form lower-highs, it would possibly be forming a Triangle pattern, and the KLCI would further consolidate before forming a new trend.