Composite Index 30/04/2010
As indicated by A, the Bollinger Bands expanded 30%, with the KLCI returning to above the Bollinger Middle Band, thus the immediate technical outlook has improved. The KLCI also tested the 1347.61 Automatic Fibonacci Retracement, and precisely resisted by the 1347.61 level. Therefore, resistance for the KLCI remains at 1347.61~1348.15 level while the support is at 1334 followed by 1318.53 Automatic FR.Technically, if the Bollinger Bands should continue to expand, with the KLCI above the Bollinger Middle Band, the upside movement is expected to carry, until the Bollinger Bands should contract or the expansion rate should reduce.
As indicated by B, total market volume declined 1.1%, with volume remains below the 40-day VMA level. This suggests that the overall market participation is still low, and therefore, the market confidence in general is still weak. In short, this is not the most ideal bullish condition for the KLCI!
As circled at C, the Stochastic continued rising, while staying above 70%, and therefore, the short term bullish signal remains intact, until the Stochastic should break below 70%.
In conclusion, the immediate technical outlook has improved as the Bollinger Bands indicated a bullish biased signal, and the next target for the KLCI is at 1354 Automatic Fibonacci Retracement.
综合指数 2010年 04月 30日
如图所示，布林频带（Bollinger Bands）打开30%，由于富时综合指数已经处于布林中频带（Bollinger Middle Band）以上，所以综指开始上扬，并且上探1347.61点的费氏阻力线。如图中箭头A所示，综指精确的在1347.61点遇阻，所以综指当前的阻力水平仍然是1347.61～1348.15点的费氏线，支持水平则是1334点及1318.53点的费氏线。虽然综指未完全突破1347点，不过接下来只要布林频带继续打开，而综指又能维持在布林中频带以上，那综指将有望继续走高，直到布林频带打开的幅度减少为止。
如图中箭头B所示，马股成交量稍微减少1.1%，所以成交量仍然未能达到40天成交量移动平均线（VMA），这表示虽然综指尝试突破盘整的僵局，不过投资者信心还未完全恢复，所以市场交投并未增加。一般上，投资者开始时都会静观其变，等到综指进一步的确认上扬的讯号，才会跟随入市，届时成交量将有望达到40天平均值的健康水平。
如图中C圈所示，随机指标（Stochastic）进一步上扬，所以继续保持在70%以上的水平，这表示综指的短期走势仍然处于转强的格局。以技术而言，综指将继续处于短期上扬的格局，直到随机指标跌破70%为止。
总的来说，布林频带开始打开再加上综指处于布林中频带以上，所以综指开始上扬的格局，惟综指在1347.61点的费氏线遇阻；无论如何。接下来只要布林频带能继续打开，那综指将有望突破此阻力，上探1354点的费氏阻力线。
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