As indicated by A, the Bollinger Bands Width started to contract, suggesting the KLCI might be consolidating again. If the KLCI should break below the Bollinger Middle Band, it would be a signal suggesting a technical correction.
Resistance for the KLCI is at 1100 level while the support is still at the T2 uptrend line. If the KLCI should break below the T2 uptrend line, it would suggests an end to the uptrend, and the next support is at 1000 level.
As indicated by B, total market volume did not increased on Friday, but still remain above the 40-day VMA level. Therefore, the overall market is still actively participated. If KLCI should consolidate, volume is likely to decline as investors choose to stay on the sidelines.
As circled at C, the Stochastic retreated slightly, but remain above 70% level. Therefore, the short term bullish signal is still intact, with some sign of a technical correction or consolidation in the near term. If the Stochastic should break below 70%, that would be a signal suggesting a beginning of a technical correction.The KLCI continued its uptrend, but without an obvious expansion of the Bollinger Bands Width; furthermore, most of the most-active counters are non-blue chips counters, this maybe a sign of a weakening uptrend. Nevertheless, with the T2 uptrend still intact, theoretically, the KLCI is still trending up.
综合指数 2009年 6月 12日
如图中箭头A所示，虽然综合指数周五上扬，不过布林频带却收窄5%，这表示综指目前的涨幅有限，有调整巩固的迹象，若布林频带接下来继续收窄，再加上综指跌破布林中频带，综指将开始技术调整。综指阻力水平继续是1100点的水平，支持水平方面则是1077点与图中所示的T2上升趋势线。接下来若综指跌破T2的趋势线，综指近期的涨势将宣告结束，届时综指的支持水平是1000点的整数点。
如图中箭头B所示，马股总成交量并未增加，不过还是维持在40天成交量平均线（VMA）以上，这表示市场整体的交投还是活跃，这是维持综指当前涨势的必要条件。若综指接下来进入调整巩固格局，成交量一般上会减少，这是因投资者离场观望所致。
如图中C圈所示，随机指标（Stochastic）稍微回调，但依然维持在70%水平以上，所以综指短期还未转弱，只是有巩固或技术调整的迹象，若随机指标接下跌破70%水平，那将是综指技术调整的讯号，综指有走低的可能。综指近日连续上扬，但布林频带却未能明显打开，再加上大部分的热门股项都并非蓝筹股项，这显示综指涨势是强弩之末，不过综指继续受到区域股市上扬的牵动，所以延期出现显著的调整。无论如何，只要综指继续获得T2上升趋势线的扶持，理论上综指还是处于涨势中，直到综指跌破T2为止。
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