The sharp fall of the US market has caused Asian markets opened lower including Bursa Malaysia. The KLCI dipped after opening, but soon found its support near the 14, 21, 31 EMA dynamic support, and rebounded immediately. As it rebounded, it did not only recovered its earlier gains, but pushed the KLCI as high as 1670.09 points. At the close, the KLCI ended at 1667.99 points, gaining 3.09 points. As indicated by A, the KLCI is still testing its critical 1668 resistance.

As indicated by B, total market volume increased 11.99%, with volume returning above 40-day Volume Moving Average. Meanwhile, gainers outnumbered losers on Wednesday, with 411 counters ended higher and 271 ended lower. This suggests that the buying interest is on the higher side, while in line with the increased of market participation.

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

In conclusion, the KLCI ended higher, testing its resistance despite the US markets fall. Technically, with the KLCI above the 14, 21, 31 EMA, the immediate technical outlook is still positive and if the KLCI could break above 1668 while supported by strong volume, it would be extending its uptrend allowing more upside room.