ZLBT Chats

Friday, July 3, 2009

TECHNICAL ANALYSIS >>> Composite Index 02/07/2009 / 综合指数 2009年 7月 02日

Composite Index Daily Technical Analysis 02/07/2009
As shown on the chart above, the KLCI tested the L2 dynamic resistance of the Symmetrical Triangle again on Thursday, but failed to close higher. Therefore, the KLCI consolidation remains intact with its overhead resistance at 1095.91 while the Bollinger Middle Band and the 1035 Fibonacci Retracement are the supports.
As indicated by A, the Bollinger Bands Width expanded another 5%, with the KLCI above the Bollinger Middle Band. This suggests some slightly bullish biased signal for the KLCI, but due to insufficient volume, this signal is rather insignificant.
As indicated by B, total market volume increased 9.8% on Thursday, but still further below the 40-day VMA level. This suggests that the overall market participation is still insufficient, as investors are being very cautious as the KLCI direction is still uncertain, while waiting on the sidelines.
As circled at C, the Stochastic remains above 70%, which suggests that the market movement for the short term is not yet weakening. If the Stochastic should break below 70% level, it would be a signal suggesting the KLCI short term movement is weakening.
Despite an attempt to break the L2 line, the KLCI closed at the L2 line, failing to break above the Symmetrical Triangle. Meanwhile, there are 405 losers compared to only 204 gainers, this implies that there are still many counters still having its technical correction, thus the overall selling pressure is still relatively higher. In short, the market need more fresh leads to attract more buying interests to give the KLCI a positve push.
综合指数 2009年 7月 02日
如图所示,综合指数周四精确的在L2对称三角形(Symmetrical Triangle)的动态阻力线挂收,所以综指未能确认摆脱盘整格局。综指阻力水平依然是1095.91点的胜图自动费氏线,支持水平则依然是布林中频带及1035点的胜图自动费氏线。
如图中箭头A所示,布林频带再度打开5%,而综指依然维持于布林中频带以上,所以综指稍微有上扬的迹象,不过此讯号依然有待确认,因为市场的成交量依然不足。
如图中箭头B所示,马股总成交量周四虽然上扬9.8%,但是依然未能达到40天的成交量平均线(VMA),这表示马股依然缺乏人气,所以综指难以突破阻力水平上扬,这是投资者还是谨慎看待综指后市,继续在场外观望所致。
如图中C圈所示,随机指标(Stochastic)继续处于70%水平以上,表示综指短期依然还未完全出现转弱的讯号,接下来若随机指标跌破70%水平,那便是综指开始转弱的讯号。
综指再度上探对称三角形的L2动态阻力线,惟依然未能收高,所以综指未能摆脱盘整格局。另一方面,马股周四下跌股项高达405只,远远超过204只上升股项,这表示许多股项依然处于调整的格局,市场仍然有一定的卖压。总的来说,马股依然缺乏利好因素来带动综指转强,所以市场未能获得足够的买盘来推高综指。

No comments:

Post a Comment