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Saturday, October 23, 2010

Daily / Weekly Technical Analysis : FBMKLCI 22 Oct 2010 / 综合指数 2010年 10月 22日

综合指数 2010年 10月 22日
如图中箭头A所示,富时综合指数一度下跌至1489.52点的全日最低水平,惟这也是布林中频带的动态支持线,所以综指精确的在此获得扶持而回弹,这亦是综指当前的支持线,综指另一道支持线是1480点的费氏线,阻力水平则是1500点的心理阻力水平。

如图所示,布林频带(Bollinger Bands)收窄的幅度维持7%,这表示综指目前仍然保持在横摆巩固的格局,直到布林频带再度明显的打开为止。

如图中箭头B所示,马股成交量减少14.2%,所幸的是成交量仍然成功的保持在40天成交量移动平均线(VMA)以上,这整体市场仍然维持在一个健康的交投量,这对综指保持转强的趋势是有正面的作用,所以若成交量跌破40天的平均值,综指的后市将有继续调整或下调的可能。如图中箭头C所示,随机指标(Stochastic)处于50%的水平,这显示综指的短期走势处于一个横摆巩固的格局,以技术而言,随机指标必须上扬突破70%的水平,综指的短期走势才有望形成一个上扬的格局。

由于布林频带收窄,综指基本上处于一格横摆巩固的格局,这亦表示综指正在酝酿着一个新的趋势,此新趋势将在布林频带重新打开时出现,届时综指处于布林中频带的相应位置将是综指新趋势的方向。

每周技术分析 22/10/2010
富时综合指数上周以1491.23点开市,全周最高水平惟1496.48点,最低则是1476.56点,综指最终以1490.64点闭市,按周微扬0.78点或0.1%,全周总成交量为69亿7423万8400股,按周增加21.1%。
主要指标-图形 : 综指上周一度下跌至1480点的费氏支持线,所幸的是综指在此支持水平获得扶持,综指随后回弹,并上探1500点的阻力水平(参考箭头A)。接下来1500点的心理阻力关口继续的成为综指的阻力水平,支持水平则落在1480点的费氏线。
布林频带 : 如图所示,布林频带(Bollinger Band)上周开始收窄,所以综指出现调整巩固的格局,所以虽然综指一度跌破布林中频带(Bollinger Middle Band),这并未引发综指的跌势。由于综指随后回弹至布林中频带以上,所以接下来若布林频带再度打开,综指则有望恢复上扬的趋势。技术指标
成交量 : 如图中箭头B所示,马股的成交量上周都处于40天的成交量移动平均线(VMA)以上,这表示整体市场的交投量充足,这也使到市场的承接力量增加,有助于综指继续转强。
平均乖离 : 平均乖离(MACD)的振荡指标(Histogram)上周仍然处于零轴以下,惟振荡指标下跌的速度开始缓慢下来,所以振荡指标有形成圆底的迹象。若振荡指标形成圆底,综指的短期走势将确认形成一个上扬的格局。
胜图强弱指标 : 胜图强弱指标(WinChart RSI)上周在70%以下的水平徘徊,这显示综指的中期走势虽然偏强,不过综指还是未进入涨势的格局,直到胜图强弱指标上扬突破70%为止。
随机指标 : 如图中箭头C所示,随机指标(Stochastic)上周回弹,并且上扬突破50%的水平,这显示综指的短期走势避开了下跌的趋势,接下来若随机指标上扬突破70%的话,综指的短期走势将有望进入上扬的格局。
总结 : 虽然综指上周跌破布林中频带,不过布林频带并未打开,所以综指亦未形成一个下跌的趋势,基本上综指上扬呈横摆巩固的走势,综指上扬最终重返布林中频带的动态支持水平,所以接下来若布林频带打开,那综指将有望恢复上扬的走势。换句话说,若综指跌破布林中频带,综指则有转弱的风险。

FBM KLCI Daily 22 Oct 2010
As indicated by A, the KLCI had its daily low touching 1489.52 points, which is where the Bollinger Middle Band is, and the KLCI managed to rebound slightly at this level. Support for the KLCI remains at 1480 while the resistance is at 1500 level.

As shown on the chart above, the Bollinger Bands contracted 7%, suggesting that the KLCI is still consolidating, but with the KLCI still supported by the Bollinger Middle Band, the immediate technical outlook for the KLCI is still on the positive side.

As indicated by B, total market volume fell 14.2%, with volume still above the 40-day volume moving average. Overall market is still well-participated, and therefore, the market sentiment as a whole is likely to stay on the positive side.
As indicated by C, the Stochastic stays at 50%, which is a neutral signal, suggesting that the short term movement of the KLCI is at its consolidation stage. Technically, the Stochastic has to break above 70%, in order to return to the bullish region.
Basically, the overall uptrend for the KLCI remains intact, and the KLCI is now consolidating in a sideways manner, until the re-expansion of the Bollinger Bands.

FBM KLCI Weekly 22 Oct 2010
For the week ended on the 22nd of October, 2010, the KLCI gained a total of 0.78 of a point, with a weekly high of 1496.48 points and a weekly low of 1476.56 points, total volume was 6,974,238,400 shares, an increase of 21.1%.

Main Chart: Last week, the KLCI tested the 1480 support level, and it managed to rebound from this level, and also re-tested the 1500 resistance level, as indicated by A. Support remains at 1480 while the resistance is still at 1500.
Volume: As indicated by B, total market volume is basically above the 40-day volume moving average , which suggests that the overall market is well-participated, and the market sentiment as a whole is still on the positive side.
Bollinger Bands: The Bollinger Bands contracted, suggesting that the KLCI has entered a consolidation. The consolidation of the KLCI is expected to carry on until the re-expansion of the Bollinger Bands. With the KLCI still above the Bollinger Middle Band, the immediate technical outlook is still on the positive side.
MACD: Last week, the MACD histogram was falling, suggesting that the KLCI was losing strength, which is a normal reaction as the KLCI is consolidating. Technically, the weakening of the KLCI is expected to continue until the MACD histogram should form a Rounding Bottom.
WinChart RSI: The WinChart RSI fell below 70%, and therefore, suggesting that the KLCI could not sustain its mid term bullish signal.
Stochastic: After breaking below 70%, the Stochastic remained around 50%, in the neutral region. Technically, the Stochastic has to break above 70% in order to return to the short term bullish signal.
In a Nut Shell: Despite being resisted by the 1500 level, the KLCI did not retreat sharply, but only consolidating in a sideways manner. With the KLCI above the 14, 21, 31 EMA, the uptrend of the KLCI remains intact.

HAPPY WEEKEND

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