Composite Index 26/03/2010As indicated by A, the FBM KLCI rose 2.66 points, to close at 1315.14 points. Support for the KLCI is at 1308.39 which is the 23.6% Fibonacci Retracement line, and the resistance is at 1334.34 Automatic Fibonacci Retracement.
As shown on the chart above, the Bollinger Bands contracted 15%, suggesting that the KLCI is still consolidating while preparing for a new movement. However, the immediate technical outlook is positive as the KLCI is now above the Bollinger Middle Band.
As indicated by B, total market volume increased only 0.5%, but still firmly above the 40-day VMA level, suggesting that the market is still well-participated. This is a positive element which would help lift the market sentiment.
As indicated by C, the Stochastic touched 100% level, suggesting that the short term movement of the KLCI is indeed bullish but over-heated. Nevertheless, provided that the Stochastic is still above 70%, the short term bullishness of the KLCI shall remains intact.
In conclusion, the KLCI is still consolidating while preparing for a new movement, and we shall wait for the re-expansion of the Bollinger Bands, then to determined the new direction with the guidance of the Bollinger Middle Band.
综合指数 2010年 03月 26日如图中箭头A所示，富时综合指数微升2.66点，以1315.14点闭市，综指当前的支持水平仍然维持在1308.39点的23.6%费氏支持线，阻力水平则是1334.34点的费氏线。
如图所示，布林频带（Bollinger Bands）进一步收窄15%，这表示综指依然处于巩固的格局，与此同时，综指也是正在酝酿着一个新趋势。由于综指目前已经处于布林中频带（Bollinger Middle Band）以上，所以接下来若布林频带开始打开，那综指出现上扬趋势的机会浓厚。
如图中箭头B所示，虽然马股成交量只增加0.5%，不过成交量依然维持在40天成交量移动平均线（VMA）以上，这表示市场仍然有足够的承接力量，这将有助于综指继续转强。
如图中箭头C所示，随机指标（Stochastic）上扬100%的水平，这显示综指处于短期涨势中，虽然达到100%显示过热，不过只要随机指标能继续维持在70%以上，那综指将有进一步走高的可能。
总的来说，综指目前正在酝酿着一个新的趋势，虽然技术指标显示综指转为上扬的机会浓厚，不过一般上必须等待布林频带开始打开，届时综指处于布林中频带的相应位置才能决定综指新趋势的方向。
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