富时综合指数稍微下滑,惟综指精确的在1270点的费氏线上获得扶持,综指以1270.88点闭市,这意味着1270点继续的成为综指当前的支持水平,阻力水平仍然维持在1300点的心理阻力关口。
如图所示,布林频带(Bollinger Bands)进一步收窄(-31%),所以综指维持在调整巩固的格局,无论如何,由于布林频带收得非常窄小,这显示综指将有望在近期内摆脱调整巩固的格局,所以接下来若布林频带开始打开的话,而综指又能再度回弹至布林中频带(Bollinger Middle Band)以上,那综指将有望恢复上扬的趋势。
如图中箭头B所示,马股成交量减少5.9%,这使到成交量继续低于40天成交量移动平均线(VMA)的水平,这是综指在调整巩固是典型的情形。若综指再度走强时,成交量是得增加至40天成交量平均值以上,那综指上扬的趋势讯号将更有效。
如图中C圈所示,随机指标(Stochastic)跌破50%的水平,这表示综指短期的走势继续转弱,若随机指标跌破30%的话,那综指的短期走势将形成一个下跌的趋势。
总的来说,综指目前正酝酿着一个新的趋势,惟此新的趋势只在布林频带再度打开时才能确定。通常在布林频带开始打开时,综指处于布林中频带的相应位置将是综指新趋势的方向
Composite Index 23/11/2009
On Monday, the FBM KLCI ended slightly lower, while precisely supported by the 1270 Fibonacci Retracement, closing at 1270.88 points. This shows that the 1270 Fibonacci Retracement is still the support for the KLCI while the resistance remains at 1300 psychological level.
As shown on the chart above, the Bollinger Bands contracted 31%, suggesting that the KLCI is still consolidating. Nevertheless, since the band width is now very narrow, it implies that the consolidation of the KLCI is nearing its end. If the Bollinger Bands should re-expands with the KLCI returning to above the Bollinger Middle Band, the KLCI is likely to resumes its uptrend.
As indicated by B, total market volume declined 5.9%, with volume below the 40-day VMA level. This is a typical behavior during market consolidation, as investors are staying on the sidelines while waiting for some fresh leads. Nonetheless, if the KLCI should resume its uptrend, volume above the 40-day VMA level is a very important element to sustain the uptrend.
As circled at C, the Stochastic breaks below 50% level, suggesting that the short term movement of the KLCI is still weakening. If the Stochastic should break below 30% level, it would be a short term bearish signal for the KLCI.
In short, the KLCI is still consolidating while preparing for a new movement; and the direction of the new movement is yet to be revealed, with the expansion of the Bollinger Bands width and the relative position of the KLCI againts the Bollinger Middle Band.
如图所示,布林频带(Bollinger Bands)进一步收窄(-31%),所以综指维持在调整巩固的格局,无论如何,由于布林频带收得非常窄小,这显示综指将有望在近期内摆脱调整巩固的格局,所以接下来若布林频带开始打开的话,而综指又能再度回弹至布林中频带(Bollinger Middle Band)以上,那综指将有望恢复上扬的趋势。
如图中箭头B所示,马股成交量减少5.9%,这使到成交量继续低于40天成交量移动平均线(VMA)的水平,这是综指在调整巩固是典型的情形。若综指再度走强时,成交量是得增加至40天成交量平均值以上,那综指上扬的趋势讯号将更有效。
如图中C圈所示,随机指标(Stochastic)跌破50%的水平,这表示综指短期的走势继续转弱,若随机指标跌破30%的话,那综指的短期走势将形成一个下跌的趋势。
总的来说,综指目前正酝酿着一个新的趋势,惟此新的趋势只在布林频带再度打开时才能确定。通常在布林频带开始打开时,综指处于布林中频带的相应位置将是综指新趋势的方向
Composite Index 23/11/2009
On Monday, the FBM KLCI ended slightly lower, while precisely supported by the 1270 Fibonacci Retracement, closing at 1270.88 points. This shows that the 1270 Fibonacci Retracement is still the support for the KLCI while the resistance remains at 1300 psychological level.
As shown on the chart above, the Bollinger Bands contracted 31%, suggesting that the KLCI is still consolidating. Nevertheless, since the band width is now very narrow, it implies that the consolidation of the KLCI is nearing its end. If the Bollinger Bands should re-expands with the KLCI returning to above the Bollinger Middle Band, the KLCI is likely to resumes its uptrend.
As indicated by B, total market volume declined 5.9%, with volume below the 40-day VMA level. This is a typical behavior during market consolidation, as investors are staying on the sidelines while waiting for some fresh leads. Nonetheless, if the KLCI should resume its uptrend, volume above the 40-day VMA level is a very important element to sustain the uptrend.
As circled at C, the Stochastic breaks below 50% level, suggesting that the short term movement of the KLCI is still weakening. If the Stochastic should break below 30% level, it would be a short term bearish signal for the KLCI.
In short, the KLCI is still consolidating while preparing for a new movement; and the direction of the new movement is yet to be revealed, with the expansion of the Bollinger Bands width and the relative position of the KLCI againts the Bollinger Middle Band.
HAPPY TRADING & GOODLUCK2ALL
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