TECHNICAL ANALYSIS >> 综合指数 2010年04月29日 / Composite Index 29/04/2010

综合指数 2010年 04月 29日
如图中箭头A所示，富时综合指数继续回弹，并且稍微突破了1334点的费氏线，所以接下来只要综指继续维持在1334点以上，综指将有望避开进一步的转弱，综指当前的支持水平是1334点及1318.53点的费氏线，阻力水平则是1347.61点的费氏线。

如图所示，布林频带（Bollinger Bands）打开的幅度为0%，这表示综指继续维持在一个横摆巩固的格局，直到布林频带再度明显打开为止。综指目前回弹至布林中频带（Bollinger Middle Band）的水平，这表示综指接下来的走势仍然不明朗。

如图中箭头B所示，马股成交量上扬8.1%，这使到成交量非常接近40天成交量移动平均线（VMA），接下来若综指转强，而成交量又能处于40天成交量的平均值，那综指将有望出现稳健转强的走势。

如图中C圈所示，随机指标（Stochastic）回弹至70%以上的水平，这显示综指的走势重新回到偏强的格局。无论如何，由于布林频带收窄，所以随机指标显示的趋势是属于非常短期的，这也是短期指标过敏的现象。

综指稍微回弹，整体上综指维持横摆巩固的格局，这可以从布林频带零打开幅度看出。以技术而言，综指将继续维持横摆的巩固，直到布林频带开始明显的打开，届时综指新的趋势将以综指处于布林中频带的相应位置来决定。

Composite Index 29/04/2010
As indicated by A, the FBM KLCI rebounded on Thursday, breaking above the 1334 level, and therefore, it has not formed a downtrend yet. Resistance for the KLCI remains at 1347.61 Fibonacci Retracement while the supports are at 1334 followed by 1318.53 Automatic Fibonacci Retracement.

As shown on the chart above, the Bollinger Bands expanded 0%, suggesting that the KLCI is basically still trendless; and at the moment, the KLCI is testing the Bollinger Middle Band, thus the market direction shall remain unclear.

As indicated by B, total market volume increased 8.1%, with volume getting closer to the 40-day VMA level. However, this is still not the ideal volume for a healthy uptrend. Without sufficient market participation, the market sentiment is likely to stay low.
As circled at C, the Stochastic returned to 70% level, re-entering the short term bullish territory. If the Stochastic could remain above 70% level, the market movement for the short term is expected to be on the positive side.

The KLCI rebounded and continued its sideways consolidation. Technically, the market direction is still unclear as the Bollinger Bands has not expanded. When the Bollinger Bands re-expands, the direction of the KLCI shall be determined by the relative position of the candles below or above the Bollinger Middle Band.