富时综合指数一度突破了1272点的费氏阻力线，惟综指随后在套利活动下回软，综指闭市时挂1270.78点，与周三平盘，这表示综指并未能上扬突破1272点的阻力水平。如图中箭头A所示，综指精确的在1276点的费氏线阻力，这显示综指当前的阻力水平分别有1276点及1272点的费氏线，支持水平则是1266.45点的费氏线。如图所示，布林频带（Bollinger Bands）收窄6%，这显示综指的涨势再度遇阻，接下来若布林频带进一步收窄，那综指将有出现技术调整的可能。无论如何，只要综指能在布林中频带（Bollinger Middle Band）上获得扶持，那综指将有再度回弹的可能，反之若综指跌破布林中频带的话，那综指的涨势将有提前结束的风险。
如图中箭头B所示，马股总成交量增加33.4%，这使到成交量越来越接近40天成交量移动平均线（VMA），若成交量能继续增加至40天成交量平均值的话，那综指转强的机会将有望提高。
如图中箭头C所示，随机指标（Stochastic）下滑，这显示综指的短期走势有转弱的迹象，惟随机指标仍然维持在70%以上的水平，所以综指的短期涨势并未完全结束。无论如何，若随机指标跌破70%的话，那综指短期的后市将看低一线。总的来说，综指从1224.37点回弹以来，上扬了整50点后，综指有出现技术调整的迹象，若综指接下来能在布林中频带上获得扶持的话，那综指将有望保持转强的趋势，反之若综指跌破布林中频带的话，那综指将进入调整或巩固的格局。
Composite Index 25/02/2010
The KLCI attempted to break the 1272 Fibonacci Retracement but still closing at 1270.78 points. As indicated by A, the KLCI was resisted by the 1276 Fibonacci Retracement on Thursday, and therefore, the 1276 and 1272 Fibonacci Retracement shall remain as the resistance for the KLCI while the support is at 1266.45 Fibonacci Retracement.
As shown on the chart above, the Bollinger Bands contracted 6%, suggesting that the KLCI bullish momentum has failed to gain strength. If the Bollinger Bands should contract again, the KLCI is expected to return to its consolidation. Nonetheless, provided that the KLCI is still staying above the Bollinger Middle Band, the immediate outlook for the KLCI is still on the positive side.
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As indicated by B, total market volume increased 33.4%, while the volume is getting closer to the 40-day VMA level. Generally, if volume should break above the 40-day VMA level, the market sentiment is expected to improve.
As indicated by C, the Stochastic started falling, but still above the 70% level. Therefore, this suggests that the short term movement of the KLCI is still bullish biased. If the Stochastic should break below 70% level, it would be an end to the short term bullish signal.
In conclusion, since the rebound from 1224.37 points, the KLCI has gained 50 points, and it is normal to have a correction, but as long as the KLCI should remain above the Bollinger Middle Band after its correction, there is still a chance that the KLCI would resume its uptrend. If the KLCI should break below the Bollinger Middle Band, the immediate outlook would turn bearish bias.
The KLCI attempted to break the 1272 Fibonacci Retracement but still closing at 1270.78 points. As indicated by A, the KLCI was resisted by the 1276 Fibonacci Retracement on Thursday, and therefore, the 1276 and 1272 Fibonacci Retracement shall remain as the resistance for the KLCI while the support is at 1266.45 Fibonacci Retracement.As shown on the chart above, the Bollinger Bands contracted 6%, suggesting that the KLCI bullish momentum has failed to gain strength. If the Bollinger Bands should contract again, the KLCI is expected to return to its consolidation. Nonetheless, provided that the KLCI is still staying above the Bollinger Middle Band, the immediate outlook for the KLCI is still on the positive side.
.jpg)
As indicated by B, total market volume increased 33.4%, while the volume is getting closer to the 40-day VMA level. Generally, if volume should break above the 40-day VMA level, the market sentiment is expected to improve.As indicated by C, the Stochastic started falling, but still above the 70% level. Therefore, this suggests that the short term movement of the KLCI is still bullish biased. If the Stochastic should break below 70% level, it would be an end to the short term bullish signal.
In conclusion, since the rebound from 1224.37 points, the KLCI has gained 50 points, and it is normal to have a correction, but as long as the KLCI should remain above the Bollinger Middle Band after its correction, there is still a chance that the KLCI would resume its uptrend. If the KLCI should break below the Bollinger Middle Band, the immediate outlook would turn bearish bias.
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