Technical Analysis : 综合指数 2010年11月11日/FBMKLCI 11/11/2010

综合指数 2010年 11月 11日
如图中箭头A所示，富时综合指数下滑14.31点，精确的在布林中频带上获得扶持，综指以1513.70点闭市，综指当前的支持水平1500点的心理支持关口，阻力水平则是1532点的费氏线。
如图所示，布林频带（Bollinger Bands）收窄8%，这表示综指目前开始调整，一般上综指调整的第一个目标是布林中频带，这也是综指的动态支持线。换句话说，只要综指能在布林中频带上获得扶持，综指的上扬趋势仍然算是完整，只是出现技术调整而已。

如图中箭头B所示，马股的成交量减少9.47%，惟成交量仍然处于40天成交量移动平均线（VMA）以上，这显示市场的交投仍然活跃，市场也有一定的承接力量，这将有助于综指保持转强的趋势。

如图中箭头C所示，随机指标（Stochastic）跌破70%，这表示综指的短期走势出现调整的格局，若随机指标未能在短期内重新上扬至70%以上，综指的短期将倾向于调整或横摆巩固。

总的来说，综指出现技术调整，这也可从布林频带收窄看出，所幸的是综指精确的在布林中频带获得扶持，接下来若综指能迅速回弹，并维持在布林中频带以上，综指将有望再度转强。

FBM KLCI 11 November 2010
As indicated by A, the KLCI fell 14.31 points, and precisely testing the Bollinger Middle Band. The KLCI closed at 1513.70 points, with the support at 1500 while resistance at 1532.

As shown on the chart above, the Bollinger Bands contracted 8%, suggesting that the KLCI is having its technical correction, or the KLCI is entering its consolidation. Provided the KLCI is still above the Bollinger Middle Band, the immediate technical outlook for the KLCI shall stay positive.

As indicated by B, total market volume fell 9.47%, with volume above the 40-day volume moving average. Generally, the market sentiment as a whole remains positive, with volume above the 40-day volume moving average.

As indicated by C, the Stochastic fell below 70%, thus ended the short term bullish signal, and triggered a beginning of a technical correction. The Stochastic has to return to above 70%, in order to resumes its short term bullish signal.

In short, the KLCI is having its technical correction, but this has not violated the uptrend of the KLCI as the KLCI remains supported by the 14, 21, 31 EMA.

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