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Thursday, April 14, 2011

TECHNICAL ANALYSIS : 综合指数 2011年04月14日 / FBMKLCI 14/04/2011

综合指数 2011年 04月 14日
如图中箭头A所示,富时大马综合指数(综指)周四再次回软,而且精确的在1525.67点的50%费氏回归线(Fibonacci Retracement Line)以上以1525.80点挂收,按日下跌9.79点。综指当前未能重返14、21、31天综合加权移动平均线(Exponential Moving Average – EMA)以上;阻力水平依然是1537点的费氏阻力线,而支持水平将下调至1513点的费氏线。
另一方面,如图中箭头B所示,马股总成交量进一步的减少(-17.71%),因此马股总成交量目前还是处于40天的成交量平均线(VMA)以下,这表示马股当前的交投是属于淡静的。以技术而言,要是成交量保持低迷的话,那马股整体上的走势将继续是偏向于盘整或偏弱的。

 
如图中C圈所示,随机指标(Stochastic)再次跌破30%水平,因此进入了短期弱势区域里。接下来若随机指标仍然处于30%水平以上,那综指短期的走势将继续看低一线。

总的来说,综指当前无法回到14、21、31天EMA动态支持线以上,再加上成交量继续偏低。当缺乏承接力的当儿,马股难以转强。无论如何,接下来若综指失守1525费氏支持线,那综指短期将继续看淡。至于中长期的走势会否转弱,以目前的状况来说还是太早。
 
FBM KLCI 14 April 2011
As indicated by A, the FBM KLCI ended lower on Thursday, and precisely testing the 1525 WinChart Automatic Fibonacci Retracement support. At the close, the KLCI fell 9.79 points. Since the KLCI has not been able to return to above the 14, 21, 31 EMA, the technical outlook for the KLCI is turning weaker. Resistance for the KLCI is at 1537 while the support is seen at 1513 WinChart Automatic Fibonacci Retracement.
Meanwhile, as indicated by B, total market volume fell 17.71%, and as a result, volume remain below the 40-day Volume Moving Average, and this suggests that the market is quiet, and the inflow of fresh capital is low. In short, if volume should stay low, the market is less likely to pick up some strength.

As circled at C, the Stochastic breaks below 30% again, entering the short term territory, and this suggests that the KLCI short term movement is likely to remain weak.

In conclusion, the short term technical view of the KLCI is on the lower side right now, but as for the mid to longer term picture, it is still too early to tell.
HAPPY TRADING

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