As circled at A, the KLCI continued its rally on Thursday, with its intra-day high reaching 1120.41 points; the KLCI retreated some of its early gains as profit taking activities took place, and ended the day at 1108.88 points, up 11.64 points. Supports for the KLCI is now at 1096 level followed by the 10-day Bollinger Middle Band, while the immediate resistance is at 1120.41.
As shown on the chart above, the KLCI formed a Spinning Top candlestick pattern, after breaking above the 20-day Bollinger Upper Band. This shows that the KLCI is getting over-bought, thus a risk of a pullback effect shall take place in the near term.
As indicated by B, total market volume increased another 22.1%, with volume above the 40-day VMA level. This shows that the market was actively participated as the KLCI rally continues. Generally, if volume should remain above the 40-day VMA level, it would help to sustain the current positive market sentiment.
As circled at C, the MACD histogram continued rising, breaking above the zero level, into the positive region. This shows that the short term movement of the KLCI is still bullish biased, and the bullish biased short term movement is expected to continue until the MACD histogram should form a Rounding Top.
Since breaking above the Symmetrical Triangle on Tuesday, the KLCI gained a total of 45.22 points or 4.3%. With some sign of an over-heating, there is a risk of a technical correction for the KLCI in near term. Nevertheless, the first target of the technical correction is usually the 10-day Bollinger middle band, and if the KLCI should be supported by the 10-day Bollinger Middle Band, the rally is likely to resume.
As shown on the chart above, the KLCI formed a Spinning Top candlestick pattern, after breaking above the 20-day Bollinger Upper Band. This shows that the KLCI is getting over-bought, thus a risk of a pullback effect shall take place in the near term.
As indicated by B, total market volume increased another 22.1%, with volume above the 40-day VMA level. This shows that the market was actively participated as the KLCI rally continues. Generally, if volume should remain above the 40-day VMA level, it would help to sustain the current positive market sentiment.
As circled at C, the MACD histogram continued rising, breaking above the zero level, into the positive region. This shows that the short term movement of the KLCI is still bullish biased, and the bullish biased short term movement is expected to continue until the MACD histogram should form a Rounding Top.Since breaking above the Symmetrical Triangle on Tuesday, the KLCI gained a total of 45.22 points or 4.3%. With some sign of an over-heating, there is a risk of a technical correction for the KLCI in near term. Nevertheless, the first target of the technical correction is usually the 10-day Bollinger middle band, and if the KLCI should be supported by the 10-day Bollinger Middle Band, the rally is likely to resume.
综合指数 2009年 7月 16日
如图中A圈所示，富时大马综合指数周四继续上扬，一度上扬至1120.41点的全日最高水平，惟综指在套利活动下回软，导致综指形成一个旋转陀螺阴阳烛形（Spinning Top），按日上扬11.64点，以1108.88点挂收。综指当前阻力水平是1120.41点，支持水平则是1096点及10天的布林中频带（Bollinger Middle Band）。
如图所示，综指上扬突破20天的布林上频带（20-day Bollinger Upper Band），这表示综指短期出现过热的现象，所以在近期内将有拉回效应（Pullback Effect）的技术调整。
如图中箭头B所示，马股总成交量再度增加（+22.1%），使到成交量已处于40天的成交量平均线（VMA）以上，这表示市场的交投活跃，这增加的买盘涌入使到综指周四继续上扬。接下来若成交量能够维持于40天的成交量平均值以上，那将有助于综指维持涨势。
如图中C圈所示，平均乖离振荡指标（MACD Histogram）上扬突破零轴进入正值区域，表示综指短期走势依然处于强势中。接下来若平均乖离振荡指标能持续上升，综指有望维持短期强势格局，直到平均乖离振荡指标形成圆顶（Rounding Top）为止。
综指自周二开始上扬摆脱盘整格局，至今一共上涨45.22点或4.3%。综指目前出现过热的迹象，所以近期内有技术调整的风险，一般上综指技术调整的第一个目标是10天的布林中频带，若综指出现技术调整后依然在布林中频带获得扶持，综指有望恢复目前的涨势。
如图所示，综指上扬突破20天的布林上频带（20-day Bollinger Upper Band），这表示综指短期出现过热的现象，所以在近期内将有拉回效应（Pullback Effect）的技术调整。
如图中箭头B所示，马股总成交量再度增加（+22.1%），使到成交量已处于40天的成交量平均线（VMA）以上，这表示市场的交投活跃，这增加的买盘涌入使到综指周四继续上扬。接下来若成交量能够维持于40天的成交量平均值以上，那将有助于综指维持涨势。
如图中C圈所示，平均乖离振荡指标（MACD Histogram）上扬突破零轴进入正值区域，表示综指短期走势依然处于强势中。接下来若平均乖离振荡指标能持续上升，综指有望维持短期强势格局，直到平均乖离振荡指标形成圆顶（Rounding Top）为止。综指自周二开始上扬摆脱盘整格局，至今一共上涨45.22点或4.3%。综指目前出现过热的迹象，所以近期内有技术调整的风险，一般上综指技术调整的第一个目标是10天的布林中频带，若综指出现技术调整后依然在布林中频带获得扶持，综指有望恢复目前的涨势。
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