As indicated by A, after breaking below the 14, 21, 31 EMA dynamic support, the KLCI had its intra-day low touching 1638.18 points on Tuesday, before recovering some of its early losses in the afternoon session. However, as the close, the KLCI is still below 1650 at 1645.63 points, losing 8.41 points or 0.51%.

As indicated by B, total market volume increased 12.73%, while still above the 40-day Volume Moving Average. This shows that the market participation is still active. Meanwhile, market turnover increased 14.48%, with 1.66 billion ringgit. This suggests that not only low-priced stocks are actively traded, some of the blue chips were also heavily traded. Although some bargain buying was seen in the afternoon session, particularly in Genting, which helped the KLCI recovered some of its losses, overall market selling pressure is still relatively higher.

As indicated by C, the Stochastic is still below 30%, which is the short-term bearish territory. This suggests that the short-term movement of the KLCI is still weak.

In conclusion, although the KLCI has broken below the 14, 21, 31 EMA dynamic support, and interrupting its earlier uptrend, it has not yet shown any downtrend formation. Next support for the KLCI is at 1625 while the resistance remains at 1680.