The KLCI was trading in a narrow range on Friday, gaining 0.64 points to close at 1579 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI and the resistance stays at 1597.08 or 1600 mark.
As indicated by B, total market volume fell 26.15%, with volume below the 40-day Volume Moving Average. Market overall is still quiet, as investors are taking caution amid the key index is approaching its historical high.
As indicated by C, the Stochastic stays below 70%, thus not yet giving any short-term bullish signal. If the Stochastic should stay around 50%, the KLCI is likely to consolidate in a sideways manner.
In conclusion, the KLCI stays above the 14, 21, 31 EMA as well as the uptrend line, thus the uptrend is still intact. But still, due to the lower market participation, the sustainability of the uptrend is doubtful. If the KLCI should form higher-lows, and resume its uptrend, a significant increased of volume is needed to confirm such move.
富时大马综合指数周五在窄幅中波动，按日微扬0.64点以1579点挂收。如图中箭头A所示，14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）依然是综指当前的动态支持线，而综指阻力保持在1597.08点或1600点的心理整数水平。