As indicated by A, the Bollinger Bands Width contracted 16%, with the KLCI slightly below the Bollinger Middle Band. This shows that the KLCI is still consolidating. On Tuesday, the KLCI was trading at a narrow range, closing 0.53 points higher at 1066.36 points, and therefore, the immediate outlook for the KLCI is slightly negative biased, fortunately, the Bollinger Bands Width has not expanded, thus the KLCI is still consolidating.
As shown on the chart above, the KLCI remains inside the Symmetrical Triangle, thus showing a consolidation signal just like the contraction of the Bollinger Bands. Supports for the KLCI is at the L1 dynamic line and 1035 Automatic Fibonacci Retracement, while the resistance are at Bollinger Middle Band and the L2 dynamic resistance line.
As indicated by B, total market volume declined 23.1%, while staying further below the 40-day VMA level. This shows that the market participation is indeed low, as the inflow of fresh capital is still insufficient. Therefore, the KLCI is likely to consolidate.
As indicated by C, the MACD histogram falls on Tuesday, forming a rounding top. The rounding top of the MACD histogram suggests that the KLCI short term movement is weakening, and the weakening short term movement is expected to continue until the MACD histogram should rebound and form a rounding bottom.
Despites negative signals from the Bollinger Middle Band and MACD histogram, the KLCI has not broken below the Symmetrical Triangle. Therefore, the KLCI has not formed a downtrend yet. If the KLCI should regain its strength, it must break above the L2 line with strong volume, as the lack of volume is still the main factor to the weakness of KLCI.
As shown on the chart above, the KLCI remains inside the Symmetrical Triangle, thus showing a consolidation signal just like the contraction of the Bollinger Bands. Supports for the KLCI is at the L1 dynamic line and 1035 Automatic Fibonacci Retracement, while the resistance are at Bollinger Middle Band and the L2 dynamic resistance line.
As indicated by B, total market volume declined 23.1%, while staying further below the 40-day VMA level. This shows that the market participation is indeed low, as the inflow of fresh capital is still insufficient. Therefore, the KLCI is likely to consolidate.As indicated by C, the MACD histogram falls on Tuesday, forming a rounding top. The rounding top of the MACD histogram suggests that the KLCI short term movement is weakening, and the weakening short term movement is expected to continue until the MACD histogram should rebound and form a rounding bottom.
Despites negative signals from the Bollinger Middle Band and MACD histogram, the KLCI has not broken below the Symmetrical Triangle. Therefore, the KLCI has not formed a downtrend yet. If the KLCI should regain its strength, it must break above the L2 line with strong volume, as the lack of volume is still the main factor to the weakness of KLCI.
综合指数 2009年 7月 07日
如图中箭头A所示，布林频带（Bollinger Bands）收窄16%，这表示富时综合指数继续盘整，所以综指周二在窄幅中交易，按日微扬0.53点。由于综指正处于布林中频带以下，这使到综指稍微偏弱，惟布林频带还未打开，所以综指才未进入跌势。
如图所示，综指依然在对称三角形（Symmetrical Triangle）内波动，所以继续显示综指调整巩固的讯号，这与布林频带收窄的讯号一致。综指阻力水平是布林中频带及L2线的动态阻力线，支持水平则是L1动态支持线及1035点胜图自动费氏线。
如图中箭头B所示，马股总成交量再度减少23.1%，这使到已经处于40天平均值以下的成交量，进一步远离40天的成交量平均线（VMA），这表示市场目前缺乏足够的买盘，依然未有足够的承接力来推高综指，所以在交投淡静的情况之下，综指将继续处于盘整格局，暂时难以转强。
如图中箭头C所示，平均乖离的振荡指标（MACD Histogram）继续下滑，形成圆顶（Rounding），这表示综指短期开始转弱。接下来若平均乖离振荡指标继续下跌，那综指短期的后市有进一步走低的可能，直到平均乖离振荡指标回升形成相对的圆底（Rounding Bottom）为止。
虽然技术指标如布林中频带及平均乖离振荡指标都开始显示综指转弱的讯号，但综指未跌破对称三角形，所以未能完全确认形成跌势。接下来综指若要转强，就必须上扬突破对称三角形，并且成交量须上扬达到40天的平均值，因为成交量的不足毕竟是导致综指未能正真转强的绊脚石。
如图所示，综指依然在对称三角形（Symmetrical Triangle）内波动，所以继续显示综指调整巩固的讯号，这与布林频带收窄的讯号一致。综指阻力水平是布林中频带及L2线的动态阻力线，支持水平则是L1动态支持线及1035点胜图自动费氏线。
如图中箭头B所示，马股总成交量再度减少23.1%，这使到已经处于40天平均值以下的成交量，进一步远离40天的成交量平均线（VMA），这表示市场目前缺乏足够的买盘，依然未有足够的承接力来推高综指，所以在交投淡静的情况之下，综指将继续处于盘整格局，暂时难以转强。
如图中箭头C所示，平均乖离的振荡指标（MACD Histogram）继续下滑，形成圆顶（Rounding），这表示综指短期开始转弱。接下来若平均乖离振荡指标继续下跌，那综指短期的后市有进一步走低的可能，直到平均乖离振荡指标回升形成相对的圆底（Rounding Bottom）为止。
虽然技术指标如布林中频带及平均乖离振荡指标都开始显示综指转弱的讯号，但综指未跌破对称三角形，所以未能完全确认形成跌势。接下来综指若要转强，就必须上扬突破对称三角形，并且成交量须上扬达到40天的平均值，因为成交量的不足毕竟是导致综指未能正真转强的绊脚石。
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