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Wednesday, March 10, 2010

TECHNICAL ANALYSIS >> Composite Index 10/03/2010 / 综合指数 2010年03月10日

Composite Index 10/03/2010
As shown on the chart above, the Bollinger Bands expanded again, with the KLCI remains above the Bollinger Middle Band, thus the immediate technical outlook for the KLCI is still on the positive side. The KLCI closed at 1328.22 points, upped 10.28 points. Resistance for the KLCI is at 1354 Fibonacci Retracement while the support is at 1300 level.

As indicated by A, the KLCI is now testing the L1 resistance line, which was formed since the 20th of October, 2009. Therefore, there might be some selling pressure at this level. Nevertheless, if the KLCI should break above the L1 line, more upside room is permitted.

As indicated by B, total market volume increased 17.1%, with volume 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 rebounded, while staying above the 70% level. Therefore, the short term bullish signal remains intact. Technically, the short term bullishness is expected to carry on until the Stochastic should break below 70% level.

The KLCI is now testing the L1 resistance line, thus expecting some profit taking activities here at this level. But still, as long as the KLCI is still supported by the Bollinger Middle Band, the immediate technical outlook for the KLCI is still on the positive side.

综合指数 2010年 03月 10日 如图所示,布林频带(Bollinger Bands)再度打开,由于富时综合指数始终维持在布林中频带(Bollinger Middle Band)以上,所以综指亦再度上扬,以1328.22点闭市,按日上扬10.28点,综指接下来的阻力水平维持于1354点的费氏阻力线,支持水平则落在1300点的心理支持水平。

如图中箭头A所示,综指目前正上探L1的上升趋势阻力线,这是综指自去年10月20日来的阻力趋势线,所以综指接下来综指将在L1面对一定的阻力,若综指能上扬突破L1,那综指才能更上一层楼。

如图中箭头B所示,马股成交量增加17.1%,这使到成交量非常接近40天成交量移动平均线(VMA)的水平,一般上,若成交量能维持在40天成交量平均值的水平,这将对综指继续维持转强的趋势有利。

如图中箭头C所示,随机指标(Stochastic)反弹,再加上随机指标继续处于70%以上,所以综指的短期继续维持上扬的格局。以技术而言,综指将有望维持目前的趋势,直到随机指标跌破70%为止。

综指在新买盘的流入下走高,惟从图中可看出综指精确的在L1遇阻,这是综指中期上扬趋势的动态阻力线,一般上综指接下来将在此水平遇到一定的卖压,若利好因素继续涌出,这将有助于综指突破此阻力,不然综指将有再度出现调整的可能。无论如何,只要综指能继续的在布林中频带上扬获得扶持,那综指整体的走势还是属于上扬的。

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