As indicated by A, despite the FBM KLCI shading 1.72 point, it managed to stay above the 1166 Fibonacci Retracement, and therefore, the 1186 Fibonacci Retracement is still the current support for the KLCI, while the resistance is at 1200 psychological level.
As shown on the chart, the Bollinger Bands Width contracted 14%, suggesting the KLCI is still consolidating. The contraction of the Bollinger Bands Width is a typical characteristic of the KLCI consolidation, it also means that the KLCI is now preparing for a new movement, and the direction of the new movement shall only be revealed once the Bollinger Bands Width re-expands, therefore, the Bollinger Bands can suggest buy or sell signal.
As indicated by B, total market volume increased 33.9% in spite of the KLCI consolidation, therefore, volume is now breaking above the 40-day VMA level, suggesting some increased of market participation. If volume should remain above 40-day VMA level, it would be a positive element for the KLCI movement as the increased of volume suggests an increased of inflow of fresh buyers.
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As circled at C, the MACD histogram is still falling, suggesting the KLCI short term movement is still weakening. Nevertheless, if the MACD histogram should rebound and form a Rounding Bottom, it would be a signal suggesting the KLCI is regaining its strength.
To sum up, the KLCI is still preparing for its new movement as seen from the contraction of the Bollinger Bands Width. The contraction of the Bollinger Bands Width with the KLCI consolidating is usually the ideal chart pattern for it provides a clear visual signal suggesting whether the KLCI is still consolidating or the KLCI has started its new movement. When the Bollinger Bands Width re-expands, it would be a signal suggesting the beginning of a new movement, and the direction of the new movement shall be determined by the relative position of the KLCI above or below the Bollinger Middle Band.
As shown on the chart, the Bollinger Bands Width contracted 14%, suggesting the KLCI is still consolidating. The contraction of the Bollinger Bands Width is a typical characteristic of the KLCI consolidation, it also means that the KLCI is now preparing for a new movement, and the direction of the new movement shall only be revealed once the Bollinger Bands Width re-expands, therefore, the Bollinger Bands can suggest buy or sell signal.
As indicated by B, total market volume increased 33.9% in spite of the KLCI consolidation, therefore, volume is now breaking above the 40-day VMA level, suggesting some increased of market participation. If volume should remain above 40-day VMA level, it would be a positive element for the KLCI movement as the increased of volume suggests an increased of inflow of fresh buyers.
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As circled at C, the MACD histogram is still falling, suggesting the KLCI short term movement is still weakening. Nevertheless, if the MACD histogram should rebound and form a Rounding Bottom, it would be a signal suggesting the KLCI is regaining its strength.To sum up, the KLCI is still preparing for its new movement as seen from the contraction of the Bollinger Bands Width. The contraction of the Bollinger Bands Width with the KLCI consolidating is usually the ideal chart pattern for it provides a clear visual signal suggesting whether the KLCI is still consolidating or the KLCI has started its new movement. When the Bollinger Bands Width re-expands, it would be a signal suggesting the beginning of a new movement, and the direction of the new movement shall be determined by the relative position of the KLCI above or below the Bollinger Middle Band.
综合指数 2009年 8月 11日
如图中箭头A所示，富时综合指数稍微滑落1.72点，惟综指精确的在1186点费氏线获得扶持，这表示1186点的费氏线继续的成为综指当前的支持水平，阻力水平则处于1200点的心理阻力水平。
如图所示，布林频带（Bollinger Bands）收窄14%，这表示综指仍然处于调整巩固的格局。布林频带收窄是一种典型的技术分析讯号，通常这意味着综指正在酝酿着一个新的走势，而新的走势将在布林频带开始明显的打开时出现，所以布林频带也能发出精确的买入或卖出讯号。
如图中箭头B所示，虽然综指属于盘整格局，不过成交量则上扬33.9%，这使到成交量超越了40天成交量移动平均线（VMA），这显示投资者有开始回笼的迹象。接下来若成交量能持续的处于40天成交量平均值以上，那将能确定投资者开始进场的讯号，通常这对综指的走势有正面的作用。
如图中C圈所示，平均乖离的振荡指标（MACD Histogram）仍然在下滑，这是综指走势未出现确认上扬的讯号，无论如何，若振荡指标接下来上扬并形成如箭头C般的圆底（Rounding Bottom），综指将出现短期上扬的趋势。
总的来说，综指正在酝酿的一个新的趋势，这可从布林频带收窄看得出来，这是一个最理想的技术分析图形，因为布林频带将提供综指何时摆脱横摆巩固的时间以及综指新趋势的方向：当布林频带开始打开时，综指将开始新趋势，而综指处于布林中频带的相应位置则将决定综指新趋势的方向。
如图所示，布林频带（Bollinger Bands）收窄14%，这表示综指仍然处于调整巩固的格局。布林频带收窄是一种典型的技术分析讯号，通常这意味着综指正在酝酿着一个新的走势，而新的走势将在布林频带开始明显的打开时出现，所以布林频带也能发出精确的买入或卖出讯号。
如图中箭头B所示，虽然综指属于盘整格局，不过成交量则上扬33.9%，这使到成交量超越了40天成交量移动平均线（VMA），这显示投资者有开始回笼的迹象。接下来若成交量能持续的处于40天成交量平均值以上，那将能确定投资者开始进场的讯号，通常这对综指的走势有正面的作用。
如图中C圈所示，平均乖离的振荡指标（MACD Histogram）仍然在下滑，这是综指走势未出现确认上扬的讯号，无论如何，若振荡指标接下来上扬并形成如箭头C般的圆底（Rounding Bottom），综指将出现短期上扬的趋势。总的来说，综指正在酝酿的一个新的趋势，这可从布林频带收窄看得出来，这是一个最理想的技术分析图形，因为布林频带将提供综指何时摆脱横摆巩固的时间以及综指新趋势的方向：当布林频带开始打开时，综指将开始新趋势，而综指处于布林中频带的相应位置则将决定综指新趋势的方向。
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