TECHNICAL ANALYSIS : FBMKLCI 08/10/2010 / 综合指数 2010年10月08日

FBM KLCI 08 Oct 2010
As indicated by A, the FBM KLCI fell 0.04 of a point on Friday, despite its intra-day high reaching 1484.48 points. Resistance for the KLCI remains at 1500 while the immediate support is at 1480 level.

Meanwhile, the Bollinger Bands expanded 10%, with the KLCI still above the Bollinger Middle Band, thus suggesting that the immediate technical outlook for the KLCI is still on the positive side. If the Bollinger Bands should continue to expand, while the KLCI stays above the Bollinger Middle Band, more upside movement is expected for the KLCI.

As indicated by B, total market volume increased 27.7%, with volume above the 40-day volume moving average. Generally, if volume should stay above the 40-day volume moving average, it suggests that the market sentiment as a whole is still positive.

As indicated by C, the Stochastic retreated on Friday, with still above 70%, which suggests that the short term movement of the KLCI is still bullish bias. If the Stochastic should break below 70%, it would be a signal suggesting a beginning of a technical correction.

In short, the uptrend for the KLCI remains unaffected, and the market sentiment as a whole is still on the positive side.

综合指数 2010年 10月 08日
如图中箭头A所示，富时综合指数微跌0.04点，这显示综指接近以平盘收市，处于一个横摆巩固的格局。无论如何，综指曾一度上探至1484.48点的全日高峰，惟离开1500点的心理阻力水平仍然有一段距离，综指当前的支持水平则落在1480点的费氏线。

如图所示，布林频带（Bollinger Bands）打开10%，这显示布林频带打开的速度仍然缓慢，所以综指并未出现明显的上扬趋势。无论如何，由于综指仍然处于布林中频带以上，所以只要布林频带继续打开，综指将继续维持目前转强的格局。

如图中箭头B所示，马股成交量增加27.7%，这使到成交量再度回到40天成交量移动平均线（VMA）以上的水平，这表示市场交投量增加。接下来若成交量继续的保持在40天平均值以上，综指转强的走势将有望稳健的持续下去。

如图中箭头C所示，随机指标（Stochastic）稍微回软，不过仍然保持在70%以上的水平，这是综指短期维持上扬格局的讯号，以技术而言，综指的短期走势依然倾向于上扬，直到随机指标跌破70%为止。

总的来说，许多技术指标都显示综指的短期走势有望转强，惟综指的涨幅仍然有限，随着成交开始增加，并且超越了40天的平均值，所以接下来只要布林频带继续打开，综指的后市将有望更上一层楼。

HAPPY WEEKEND