ZLBT Chats

Wednesday, January 27, 2010

TECHNICAL ANALYSIS >> 综合指数 2010年 01月 26日 / Composite Index 26/01/2010

综合指数 2010年 01月 26日
如图中箭头A所示,布林频带(Bollinger Bands)打开28%,而综指已经以及处于布林中频带(Bollinger Middle Band)以下了,所以富时综合指数下挫13.77点或1.1%,以1283.02点闭市,综指当前的支持水平落在1



如图中箭头C所示,平均乖离(MACD)继续下跌,所以综指的中长期走势亦开始转弱。通常综指将继续的走软,直到平均乖离的振荡指标(Histogram)形成一个圆底(Rounding Bottom)为止。


Composite Index 26/01/2010
As indicated by A, the Bollinger Bands expanded 28%, with the KLCI staying below the Bollinger Middle Band, therefore, the Bollinger Bands suggests a bearish biased signal, and the KLCI loss 13.77 points or 1.1% to close at 1283.02 points.
Support for the KLCI is now at 1272 level while the resistance is at 1300 level.

As shown on the chart above, the KLCI is still resisted by the Bollinger Middle
Band, and the immediate outlook for the KLCI is still bearish biased. If the Bollinger Bands should continue to expand with the KLCI below the Bollinger Middle Band, the bearish movement is expected to continue.

As indicated by B, total market volume increased 25.5%, with volume above the 40-day VMA level. This suggests that despite the profit taking activities, there were still some bargain buying at lower price. However, technically speaking, if the market to fall with huge volume, it is a sign of higher selling pressure, thus it will dampen the market sentiment.

s indicated by C, the MACD is still falling, suggesting that the mid to longer term movement of the KLCI is now turning weaker, and unless the histogram should form a Rounding Bottom, the weakening signal is expected to continue.

In conclusion, the KLCI is pulled down by cautious investors as market across the globe are weakening as well. In short, the technical outlook for the KLCI is now negative, unless the Bollinger Bands could begin to contract, or the Stochastic breaking above 30% level, which would suggest a consolidation for the KLCI.

No comments:

Post a Comment