Composite Index 07/12/2009On Monday, the FBM KLCI fell 4.84 points, to close at 1265.36 points. The KLCI breaks below the 1270 Fibonacci Retracement, and the support is now at 1257 Fibonacci Retracement while the resistance is still at 1288 followed by 1300 psychological level.
As indicated by A, the KLCI also break below the Bollinger Middle Band dynamic support, but luckily the Bollinger Bands has not expanded, and it has not confirmed a bearish movement of the KLCI yet.
As indicated by B, total market volume increased slightly, but remain below the 40-day VMA level, which is quiet normal for the KLCI is still consolidating. Technically speaking, if the KLCI should start falling, with increased volume, it would be a signal suggesting an
increased of selling pressure.
As circled at C, the Stochastic breaks below 70% level, suggesting an end to the short term bullishness of the KLCI. This is an early signal suggesting a weakness of the KLCI. If the Stochastic should also break below 30% level, it would be a short term bearish signal for the KLCI.
In short, with the KLCI breaking below the Bollinger Middle Band, the immediate outlook for the KLCI is now turning weaker. Nonetheless, the Bollinger Bands has not expanded, thus signals has to be confirmed with an expansion of the Bollinger Bands. If the KLCI should return to above the Bollinger Middle Band in the short term, there is still a chance for the KLCI to avoid the bearish movement.
As indicated by A, the KLCI also break below the Bollinger Middle Band dynamic support, but luckily the Bollinger Bands has not expanded, and it has not confirmed a bearish movement of the KLCI yet.
As indicated by B, total market volume increased slightly, but remain below the 40-day VMA level, which is quiet normal for the KLCI is still consolidating. Technically speaking, if the KLCI should start falling, with increased volume, it would be a signal suggesting an
increased of selling pressure.As circled at C, the Stochastic breaks below 70% level, suggesting an end to the short term bullishness of the KLCI. This is an early signal suggesting a weakness of the KLCI. If the Stochastic should also break below 30% level, it would be a short term bearish signal for the KLCI.
In short, with the KLCI breaking below the Bollinger Middle Band, the immediate outlook for the KLCI is now turning weaker. Nonetheless, the Bollinger Bands has not expanded, thus signals has to be confirmed with an expansion of the Bollinger Bands. If the KLCI should return to above the Bollinger Middle Band in the short term, there is still a chance for the KLCI to avoid the bearish movement.
综合指数 2009年 12月 07日富时综合指数下滑4.84点，以1265.36点闭市，这意味着综指跌破了1270点的费氏线支持水平，综指当前的支持水平再度落在1257点的费氏线，阻力水平则仍然分别是1288点的费氏线及1300点的心理阻力水平。
如图中箭头A所示，综指跌破布林中频带（Bollinger Middle Band）这道动态支持线，这显示综指再度失去了这重要的支持线，所幸的是布林频带（Bollinger Bands）目前仍然维持在一个收窄的格局，所以综指还不至于确认形成一个下跌的趋势。
如图中箭头B所示，马股成交量稍微增加，惟成交量仍然处于40天成交量移动平均线（VMA）以下，这是综指处于下调或调整巩固时的典型状态。以技术而言，若在综指下跌时，成交量放大的话，那是综指跌势加剧的讯号。
如图中C圈所示，随机指标（Stochastic）跌破70%的水平，这显示综指的短期走势仍然未能保持上扬的格局，再度出现转弱的迹象。接下来若随机指标跌破30%的话，那综指的短期走势将会被确认为形成跌势。总的来说，综指跌破布林中频带暗示综指有转弱的迹象，无论如何布林频带并未开始打开，所以综指转弱的走势还是有待布林频带开始明显打开的确认，接下来若综指能在短期内回弹并上扬突破布林中频带，那综指将有望避开形成下跌的趋势。
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