As indicated by A, the KLCI tested the 1668 resistance with strong volume on Friday, with its intra-day high reaching 1670.16 points, making yet another historical new high. However, due to strong profit takings, the KLCI failed to close above 1668 and only closed at 1666.35 points, gaining only 0.93 of a point or 0.06%. Therefore, the immediate resistance for the KLCI is still at 1668 while the support is the 14, 21, 31 EMA dynamic support.

As indicated by B, total market volume increased 6.27%, with volume above the 40-day Volume Moving Average. This shows that the market is actively participated. Not only that, the market turnover value also increased 42.5%, hitting RM 21.86 Billion, which is the highest in 3 months. This suggests that not only low-priced stocks are actively traded, there were some blue chips as well, which includes TM, and Axiata.

As indicated by C, the Stochastic remains above 70%, in the short-term bullish territory. This suggests that the short-term movement of the KLCI is still positive.

In conclusion, although the market trading volume and turnover value has increased, losers outnumbered gainers, and this is actually reflecting that profit taking is generally dominant on Friday, as investors are taking caution ahead of the weekend, and choose to take profit on Friday, as they are unsure if the KLCI could successfully break above the 1668 resistance. Nevertheless, despite the slightly stronger selling pressure, the technical outlook for the KLCI remains positive, as the KLCI is still firmly above the rising 14, 21, 31 EMA dynamic support.