Am going to be bold and say, the KLCI looks like it might be on the way up, judging by the pattern. There are a few resistances to be broken though, and I am (personally) still quite bearish.
Seems like Top Glove has created a flag formation, with a mast measuring around about RM10. Based on this, the target for the formation is at roughly RM28, which is currently off the chart. Some research houses have pegged TP based on fundamentals at RM25, so, maybe we'll see this happening in the near future.
