On Friday, the KLCI rebounded up to 2.15 points right after open. However, around 30 minutes after opening, selling on blue chips resumed, and pushed the KLCI to its daily low of 1632.36 points in only a few minutes. However, that's where the bargain buying begun, and the KLCI gradually recovered its losses, and closed flat (up only 0.01 points). As indicated by A, the KLCI left a long lower-Shadow line again, which, in Candlestick analysis, suggests a possible rebound is likely.

As indicated by B, total market volume fell 22.27%, with volume below the 40-day Volume Moving Average. This shows that the market is back to quiet again, but this is normal, because investors are being cautious while unwilling to take up new positions amid the shorten trading days next week due to festive holidays.

As indicated by C, the Stochastic stays below 30%, in its short-term bearish territory. This suggests that the KLCI has not broken away from its short-term weakness.

In conclusion, although the KLCI has not broken away from its short-term negative movement, there is sign of a technical rebound. However, now that the 14, 21, 31 EMA is serving as its dynamic resistance, and therefore, if the KLCI should rebound, this dynamic resistance would be the first hurdle for the KLCI.