TECHNICAL ANALYSIS : 综合指数 2010年06月09日/ Composite Index 09/06/2010

综合指数 2010年 06月 09日
富时综合指数微扬1.90点，以1290.08点闭市，综指当前的支持水平维持在1284点的38.2%费氏线，阻力水平依然不变，仍然是1297点的费氏线至1300点的心理阻力水平。

布林频带（Bollinger Bands）稍微打开4%，不过这并不是技术分析要求的明显打开，再加上综指目前仍然受阻于14、21及31天加权移动平均线（EMA）（参考箭头A），所以综指目前仍然属于调整巩固的格局，而整体趋势综指还是未完全算是转强，直到综指上扬突破14、21及31天的EMA为止。

如图中箭头B所示，马股成交量增加20.9%，而40天成交量移动平均线（VMA）则开始下降，这使到市场的交易量开始接近40天的平均值，若成交量能持续增长并达到40天平均值的话，那市场将有望在获得足够的承接力量下，推高综指的表现。

如图中箭头C所示，由于随机指标（Stochastic）保持在70%以上的水平，这是综指短走势依然偏强的讯号，一般上综指将能维持此短期的趋势，直到随机指标跌破70%为止。

总的来说，综指目前在缺乏新的指引下，综指继续横摆巩固；虽然短期的技术指标显示综指有望进一步走高，不过由于布林频带并未明显的打开，所以综指将维持当前的横摆格局，直到布林频带开始打开为止。

Composite Index 09/06/2010
On Wednesday, the FBM KLCI gained 1.90 points to close at 1290.08 points. Support for the KLCI remains at 1284 (38.2% Fibonacci Retracement Line) while the resistance is at 1297 to 1300 level.

The Bollinger Bands expanded 4%, which is still insignificant, and meanwhile the 14, 21, 31 EMA is still serving as the dynamic resistance for the KLCI, as indicated by A, therefore, the KLCI is still consolidating.

As indicated by B, total market volume increased 20.9%, but still below the 40-day VMA level, despite that the 40-day VMA line is falling. In short, the market is still quiet, thus the KLCI or the market is less likely to pick up any strength.

As indicated by C, the Stochastic stays above 70%, thus suggesting that the short term movement of the KLCI is still on the positive side. Generally, the short term bullish biased movement is expected to carry on until the Stochastic should break below 70%.

In short, the KLCI movement is still unclear while still consolidating below the 14, 21, 31 EMA. Also, the Bollinger Bands has not expanded clearly, thus the is likely to stay trendless for now.