ZLBT Chats

Wednesday, May 12, 2010

TECHNICAL ANALYSIS >> 综合指数 2010年05月12日 / Composite Index 12/05/2010

综合指数 2010年 05月 12日
富时综合指数上扬3.38点,以1344.10点闭市,综指当前的支持水平落在1334点及1320点的费氏线,阻力水平则是1350点的费氏线。

如图中箭头A所示,虽然综指一度下调至布林中频带(Bollinger Middle Band),惟综指精确的在布林中频带回弹,这表示布林中频带继续成为综指接下来的动态支持线。如图所示,布林频带(Bollinger Band)稍微打开,而综指已经处于布林中频带以上了,所以接下来只要布林频带明显的打开,那综指将有望形成一个上扬的趋势。

如图中箭头B所示,马股成交量下跌14.7%,这使到成交量继续的低于40天成交量移动平均线(VMA),这显示投资者仍然继续保持观望态度的居多,无论如何,只要在布林频带开始打开时,而综指又持续上扬,成交量的增加将加强综指上扬的讯号。
如图中C圈所示,随机指标(Stochastic)成功的进入70%以上的区域,这表示综指的短期走势继续偏强,以技术而言,综指的短期将继续转强,直到随机指标跌破70%为止。

一般上,综指在回补了5月5日的缺口(Gap)后,将恢复之前的趋势,所以接下来只要布林频带明显的打开及成交量能达到40天平均值,而综指能维持在布林中频带以上,综指将有望恢复上扬的趋势;换句话说,布林中频带成为综指一个重要的动态支持线。

Composite Index 12/05/2010
The KLCI gained 3.38 points to close at 1344.10 points on Wednesday. Support for the KLCI is at 1334 followed by 1320 Automatic Fibonacci Retracement while the resistance is at 1350.

As indicated by A, the KLCI managed to stay above the Bollinger Middle Band, and the Bollinger Middle Band is also serving as the dynamic support for the KLCI, and with the Bollinger Bands expanding slightly, the immediate technical outlook is expected to be on the positive side.

As indicated by B, total market volume declined 14.7%, with market volume below the 40-day VMA level, this shows that our market participation is indeed low, as investors are staying on the sidelines, while buying interest is still relatively low.

As circled at C, the Stochastic remains above 70%, in the short term bullish territory, this suggests that the short term movement of the KLCI is bullish biased.
Generally, the KLCI filled its gap which took place on the 5th of May, and returned to its positive position. If the Bollinger Bands should continue to expand with the KLCI above the Bollinger Middle Band, more upside room for the KLCI is expected. However, the major set-back for this upside movement is still the lack of volume, and therefore, this is not the ideal bullish condition.


Some word changes needed for the FBM KLCI trend ....
The pathetic daily volume disallow the discriptive "BULLISH" FBM KLCI
Shall we rephrase or replace that with just "Stronger FBM KLCI?"
HAPPY TRADING & GOODLUCK2ALL

No comments:

Post a Comment