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BURSA MALAYSIA BUCKS THE REGIONAL TREND
The benchmark index fell as much as 1.22% during the day as sentiment was weighed down by overnight losses on Wall Street before closing in positive territory on last-minute buying of index-linked stocks.
Of the FBM 30 components heavyweights, Maybank fell three sen to RM7.55, Sime Darby declined one sen to RM8.57, CIMB lost four sen to RM14.18 and Maxis shed five sen to RM5.26.
Decliners outpaced advancers 522 to 205 while 234 counters were unchanged, 406 untraded and 26 others were suspended. Turnover rose to 938.328 million shares, worth RM1.814 million, compared with Thursday's 899.053 million shares valued at RM1.578 billion.
Actively traded stocks include TALAM, BJCORP-LC, BJCORP, MAXBIZ, KNM, TENAGA, GPERAK, GAMUDA-WR, IOI and BJCORP-CB. Trading volume increased to 938.33 mil shares worth RM1813.80 mil as compared to Thursday's 899.05 mil shares worth RM1578.26 mil.
Leading Movers were AXIATA (+11 sen to RM3.93), GENTING (+4 sen to RM6.79), DIGI (+30 sen to RM22.90), GENTING MALAYSIA (+3 sen to RM2.81) and BJTOTO (+8 sen to RM4.46). Lagging Movers were PUBLIC BANK (-6 sen to RM11.88), MAYBANK (-3 sen to RM7.55), CIMB (-4 sen to RM14.18), TNB (-4 sen to RM8.40) and MAXIS (-5 sen to RM5.26).
TECHNICAL ANALYSIS >> Composite Index 07/05/2010 / 综合指数 2010年 05月 07日
Composite Index 07/05/2010
The KLCI opened gap down 13.16 points on Friday, after massive sell down of the US and European markets, but the KLCI managed to close the gap and ended ended with a 1.02 points gain, to close at 1332.89 points. As indicated by A, the KLCI returned to above the L2 line.
Support for the KLCI is at 1320.29 Automatic Fibonacci Retracement as well as the L2 line, while resistance is at 1350 Automatic Fibonacci Retracement.
Support for the KLCI is at 1320.29 Automatic Fibonacci Retracement as well as the L2 line, while resistance is at 1350 Automatic Fibonacci Retracement.
As shown on the chart above, the Bollinger Bands expanded 6%, with the KLCI below the Bollinger Middle Band, thus the immediate technical outlook remains on the negative side.
As indicated by B, total market volume increased 4.4%, with volume touching the 40-day VMA level. With the KLCI rebounding, the increased of volume suggests some bargain hunting activities.
As circled at C, the Stochastic rebounded at 30%, without entering the short term bearish territory, and if the Stochastic could break above 50% level, the KLCI short term is likely to rebound.
In conclusion, the KLCI has not formed a valid downtrend yet, as the Bollinger Bands is still not showing any valid bearish signals. Nevertheless, the global market conditions are definitely affecting our local sentiment.
As indicated by B, total market volume increased 4.4%, with volume touching the 40-day VMA level. With the KLCI rebounding, the increased of volume suggests some bargain hunting activities.
As circled at C, the Stochastic rebounded at 30%, without entering the short term bearish territory, and if the Stochastic could break above 50% level, the KLCI short term is likely to rebound.
In conclusion, the KLCI has not formed a valid downtrend yet, as the Bollinger Bands is still not showing any valid bearish signals. Nevertheless, the global market conditions are definitely affecting our local sentiment.
综合指数 2010年 05月 07日
富时综合在美国暴跌的影响下再度开低，并出现13.16点的开市缺口（Gap），无论如何，综指随后回弹，回补出现的缺口，综指按日上扬1.02点，以1332.89点闭市。如图中箭头A所示，综指在盘中亦一度跌破L2的上升趋势线，惟综指最终在1320点的费氏线上获得扶持，综指随后回弹，并且重新回到L2以上。
综指当前的支持水平仍然是1320.29点的费氏线，动态支持线是L2，而阻力水平则是1350点的费氏线。如图所示，布林频带（Bollinger Bands）只打开6%，所以虽然综指跌破了布林中频带，综指并未完全算是形成跌势。
如图中箭头B所示，马股成交量增加4.4%，这使到成交量成功的达到40天成交量移动平均线（VMA），这表示市场的承接力量仍然不错，接下来若综指继续反弹，而成交量能维持在40天平均值以上将对综指持续转强有利。
如图中C圈所示，随机指标（Stochastic）精确的在30%的水平回弹，这显示综指暂时避开进入短期跌势的窘境，接下来若随机指标继续上扬，那综指将有望维持技术反弹的趋势。
总的来说，综指出现技术反弹使到综指并未完全形成跌势，不过综指始终是处于布林中频带以下，所以接下来若布林频带开始明显的打开，那综指仍然有出现跌势的风险。
综指当前的支持水平仍然是1320.29点的费氏线，动态支持线是L2，而阻力水平则是1350点的费氏线。如图所示，布林频带（Bollinger Bands）只打开6%，所以虽然综指跌破了布林中频带，综指并未完全算是形成跌势。
如图中箭头B所示，马股成交量增加4.4%，这使到成交量成功的达到40天成交量移动平均线（VMA），这表示市场的承接力量仍然不错，接下来若综指继续反弹，而成交量能维持在40天平均值以上将对综指持续转强有利。
如图中C圈所示，随机指标（Stochastic）精确的在30%的水平回弹，这显示综指暂时避开进入短期跌势的窘境，接下来若随机指标继续上扬，那综指将有望维持技术反弹的趋势。
总的来说，综指出现技术反弹使到综指并未完全形成跌势，不过综指始终是处于布林中频带以下，所以接下来若布林频带开始明显的打开，那综指仍然有出现跌势的风险。
HAVE A PLEASANT WEEKEND
HAPPY TRADING & GOODLUCK2ALL
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