Composite Index 28/04/2010The KLCI opened with a gap down on Wednesday, after the huge decline in major indices across the US and European markets. The KLCI opened at 1330.53 points, and had its intra-day low reaching 1324.34 points.
However, the KLCI managed to regaining some lost ground at the close, by losing only 6.55 points or 0.5%. Therefore, the KLCI has fallen below the 1334 level, and the 1334 is now serving as the immediate resistance level, while the support is at 1318.53 Automatic Fibonacci Retracement.
As indicated by A, the KLCI also broke below the Bollinger Middle Band, and the immediate technical outlook is now bearish biased. Fortunately, the Bollinger Bands only expanded 2%, suggesting that the downside volatility is not extreme. Nevertheless, if the Bollinger Bands should continue to expand with the KLCI below the Bollinger Middle Band, more downside movement is expected for the KLCI.
As indicated by B, total market volume fell and stay below the 40-day VMA level, suggesting that the overall market participation is relatively low, and therefore, without sufficient market participation, the KLCI is less likely to pickup any strength.As indicated by C, the Stochastic fell below 70% level, ended the short term bullish signal. Technically, the Stochastic has to return to above 70% in order for the KLCI to resume its short term bullishness.
In conclusion, since the Bollinger Bands has not really started expanding, the direction for the KLCI remains unclear. Nevertheless, with the KLCI below the Bollinger Middle Band, the immediate technical outlook is still on the negative side.
综合指数 2010年 04月 28日亚太区域股市受到欧美股市下跌的影响而纷纷下挫，富时综合指数也以跳空开低的姿态1330.53点开市，综指更一度下跌至1324.34点。无论如何，综指随后回弹，收窄全日的跌幅，以1333.17点闭市，按日只下滑6.55点或0.5%。这也意味着综指再度的跌破1334点的费氏线，所以1334点成为综指当前的阻力水平，支持水平则落在1318.53点的费氏线。
如图中箭头A所示，综指的下挫亦使到综指跌破了布林中频带（Bollinger Middle Band）的重要支持线，所幸的是布林频带（Bollinger Bands）只打开2%，所以综指还未算完全的进入跌势。无论如何，若综指未能在短期内重回布林中频带以上的水平，那在布林频带打开时，综指将会出现下跌的趋势。
如图中箭头B所示，马股成交量再度跌破40天成交量移动平均线（VMA），这显示市场交投仍然偏低，这显示投资者维持场外观望，无论如何，若综指出现下跌时，若成交量过高则反映综指的跌势凌厉。
如图中箭头C所示，随机指标（Stochastic）跌破70%的水平，这显示综指的短期走势开始转弱，换句话说，若随机指标短期内未能返回到70%以上，那综指的短期将会出现走低的趋势。
总的来说，由于布林频带并未明显的打开，综指仍然维持酝酿新趋势的格局，惟综指跌破了布林中频带使到综指后市有走低的风险。接下来若布林频带开始打开，而综指未能返回布林中频带以上的话，那综指将会形成下跌的趋势。
如图中箭头B所示，马股成交量再度跌破40天成交量移动平均线（VMA），这显示市场交投仍然偏低，这显示投资者维持场外观望，无论如何，若综指出现下跌时，若成交量过高则反映综指的跌势凌厉。如图中箭头C所示，随机指标（Stochastic）跌破70%的水平，这显示综指的短期走势开始转弱，换句话说，若随机指标短期内未能返回到70%以上，那综指的短期将会出现走低的趋势。
总的来说，由于布林频带并未明显的打开，综指仍然维持酝酿新趋势的格局，惟综指跌破了布林中频带使到综指后市有走低的风险。接下来若布林频带开始打开，而综指未能返回布林中频带以上的话，那综指将会形成下跌的趋势。
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