TECHNICAL ANALYSIS >>> 综合指数 2009年 11月 06日 / Composite Index 06/11/2009

综合指数 2009年 11月 06日
富时综合指数在区域股项带领下走高，综指开市更以跳空形成一个缺口（Gap），无论如何，综指在跳高开市后继不足，以致综指形成一个小阴阳烛（参开箭头A）。综指当前的支持水平继续落在1248点的费氏线，阻力水平则是1270点的费氏线。

如图所示，布林频带（Bollinger Bands）打开2%，虽然小却暗示布林频带有开始打开的迹象，因为综指目前已经处于布林中频带（Bollinger Middle Band）以上了，所以只要布林频带接下来明显的打开，那综指将有望形成一个上扬的趋势，上探1270点的阻力水平。

如图中箭头B所示，马股成交量稍微减少6.2%，不过成交量仍然成功守住在40天成交量移动平均线（VMA）的水平，这表示市场继续有足够的承接力量，这对综指继续转强是有利的。
如图中C圈所示，随机指标（Stochastic）终于上扬突破70%，所以综指的短期走势开始了一个上扬的趋势，通常综指将一直维持在短期的上扬趋势内，直到随机指标跌破70%为止。

综指成功的守住布林中频带这动态支持线（Dynamic Support）以上，所以接下来只等待布林频带打开的“东风”，因为当布林频带明显的打开时，综指将有望出现一个上扬的趋势，直到布林频带打开的幅度减低或收窄为止。

Composite Index 06/11/2009
As lead by the positive performance of markets across the globe, the KLCI opened gap up on Friday. However, the KLCI only managed to close marginally higher after the its opening, forming a narrow candle stick, as circled at A. Support for the KLCI is still at 1248 Fibonacci Retracement while the resistance is at 1270 Fibonacci Retracement.

As shown on the chart above, the Bollinger Bands expanded only 2%, but still, it implies that the Bollinger Bands is re-expanding. If the Bollinger Bands should continue to expand, with the KLCI above the Bollinger Middle Band, the KLCI is likely to test the 1270 resistance level.

As indicated by B, total market volume declined 6.2%, but still firmly above the 40-day VMA level. In short, overall market is still well-participated, and the relatively high volume is suggesting that the market sentiment is still positive.

As circled at C, the Stochastic breaks above 70% level, entering the short term bullish territory. If the Stochastic could remain above 70%, the market movement for the short term is expected to be bullish biased.

With the KLCI above the Bollinger Middle Band, the immediate outlook for the KLCI is on the positive side, while waiting for the Bollinger Bands expansion to confirm a bullish signal, and the bullish signal shall carry on until the Bollinger Bands should contract again.