WALL STREET : DJIA 90 mins Chart

HAPPY TRADING

ISLAMIC NEW YEAR >>> Ma'al Hijrah 1433

Selamat Menyambut AWAL MUHARRAM

 ZLBT wishes all Muslim readers / visitors, a very happy, prosperous and peaceful Islamic New Year (1st Muharram 1433 Hijrah).

Let's make self assessment and reflection (muhasabah) on past one year we lived through in order to improve ourselves in the coming years! 

Should speculative stocks be designated?

9342 HARVEST COURT INDUSTRIES BHD
I fully concur with Risen Jayaseelan’s views in his article, ‘Should stocks be designated?’ in Starbiz, Nov 16, that the SC’s decision to designate Harvest Court is too harsh and too interfering and has dampened the speculative ingredients that make markets exciting.

The negative effect has been so precise that immediately a day after the designation, the entire market sentiment came crashing down.

Investors, speculators and specifically the day-traders are the ones who are the “starters and makers” of an exciting market, and they know very well the consequences of speculation in the event of negative breaking news.

They are more than willing to face the effect of such negative news and probably they are ready to cut losses in such event and most certainly, the losses they could suffer would certainly not be as severe as those of a sudden designated stock.

Is there anything wrong for an investor to take the risk upon hearing “reported” news of back door listing or in anticipation of assets injection? Dear SC, is there anything wrong on such risks taking?

Common sense will also tell us that day-traders are volume makers as they jump in and out of the same stock and on the same day as the prices of the stock fluctuates throughout the day. Now SC, is there anything wrong with that? Our volume of trade is nothing in comparison with many matured markets as in Hong Kong, Singapore or China apart from the Dow Jones.

The only right thing the SC had done was the issuance of UMAs (unusual market activity) on speculative counters for awareness of investors and speculators alike, but the final decision to designate a stock should come onkly after a final warning or notice had been issued.

Unless the SC has conspired with “ill intention”, speculators, day-traders and market makers should not become victims of such unfair and harsh decision. They are given no chance to escape and on a worst case scenario, some of them could even go bankrupt.

The harsh decision by the SC has left some stones unturned, leading to widely speculated questions of suspicions. Why didn’t the SC start any investigation on insider trading? Is there any clarification with the individuals involved in the rumours irrespective of whom they are politically connected?

In the first place, how and where did the volume of trade come in? The least action the SC should remedy and act immediately is to lift the “designation” and allow people to trade fairly without the

burden of upfront cash.

BSKL PRESS RELEASE 

HARVEST COURT INDUSTRIES BERHAD (HARVEST) AND HARVEST COURT INDUSTRIES BERHAD WARRANTS (HARVEST-WA) DECLARED AS

"DESIGNATED SECURITIES" 

Bursa Malaysia Securities Berhad (Bursa Malaysia) has declared the securities of Harvest Court Industries Berhad (HARVEST) and Harvest Court Industries Warrants (HARVEST-WA) as Designated Securities with effect from 9.00am Wednesday, 16 November 2011 until further notice. In order to facilitate dissemination of the designation, the above securities will be suspended with  effect from 9.00am to 5.00pm, Tuesday, 15 November 2011.
 
The decision to designate the securities of HARVEST and HARVEST-WA is due to excessive speculation observed in the trading of both securities and has been taken in the interest of ensuring a fair and orderly market.
 
With the designation, trading in the counter continues but will require payment upfront before buying and a free balance of securities before selling.

Investors are advised that their investment decisions should be made on an informed basis including an assessment of the fundamentals of the company.

Head, Issuers, Listing Div BSKL  

NOTE : Harvest Court Industries Bhd is a company in the red for many years. Among it's Board of Directors sits one MOHD NAZIFUDDIN BIN DATO' SRI NAJIB, son of Malaysian Prime Minister Dato' Seri Najib Razak. Ahem!

HAPPY TRADING 

Technical Analysis : FBM ACE 15/11/2011 富时大马 ACE 指数 2011年 11月 15日

FBM ACE 15 Nov 2011

The FBMACE retreated 68.72 points or 1.58% on Tuesday, to close at 4271.43 points. Resistance for the FBMACE remains at 4500 while the 14, 21, 31 EMA is still serving as the dynamic support, as indicated by A.

As indicated by B, the Stochastic fell on Tuesday, but still able to stay above 70%, in the short term bullish territory. This suggests that the short term movement of the FBMACE is still positive.

As indicated by C, the +DI of the DMI failed to climb on Tuesday, but fortunately still above the -DI line, and this suggests that the volatility of the FBMACE is still on the positive side, thus the signal is still bullish biased.

In conclusion, the retreat on Tuesday did not have any impact to the current uptrend of the FBMACE, as the FBMACE is still supported by the rising 14, 21, 31 EMA dynamic support, and the technical outlook for the FBMACE remains positive.

富时大马 ACE 指数 2011年 11月 15日

由于投资者套利的缘故，使得富时大马创业板指数周二回调，按日下跌68.72点或1.58%，以4271.43点挂收。创业板当前阻力水平依然是4500点的整数水平，支持水平则是图中所示的14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）动态支持线。

如图中箭头B所示，随机指标（Stochastic）虽然出现下调，但是依然能维持在70%水平的短期强势区域里。这表示创业板短期的走势目前还是偏强的，直到随机指标失守70%水平为止。

如图中箭头C所示，趋势指标（DMI）的+DI线未能持续上扬，但所幸的是+DI线仍然处于-DI线以上，因此趋势指标目前仍然显示着中期牛市的讯号。

总的来说，创业板周二所出现的回调，对当前中期涨势未有任何的影响。只要创业板能继续获得14、21、31天EMA动态支持线的扶持，那创业板当前的涨势将继续是完整的，同时当前的技术展望也继续是偏强的。

 祝你好运

WALL STREET : Domestic Data Trumps European Debt Drama

Stocks Tick Higher as Bullish U.S. Data Trump Euro Fears

Despite a rough start to the session, U.S. stocks ended higher today, as upbeat domestic data overshadowed the latest European debt drama. Instead of focusing on lackluster gross domestic product (GDP) growth in the euro zone, or soaring Italian and Spanish bond yields, traders took the glass-half-full approach and celebrated a round of home-grown economic reports. Most notably, traders applauded stronger-than-expected retail sales figures, as well as the Empire State manufacturing index's first foray into positive territory since May. Against this sunny-side-up backdrop, all three major market indexes clawed their way to modest gains by the close.

 The Dow Jones Industrial Average (DJIA – 12,096.16) traded in a range of nearly 165 points today, but settled with a gain of 17.2 points, or 0.1%, by the bell. Seven of the Dow's 30 blue chips bucked the trend, with Chevron (CVX) leading the decliners with a loss of 2.7%, and Boeing (BA) and 3M Company (MMM) finishing right where they started. On the flip side, Hewlett-Packard (HPQ) paced the 23 advancing equities with a 3.4% gain.

Likewise, the S&P 500 Index (SPX – 1,257.81) spent a healthy amount of time on both sides of the breakeven line, but notched a gain of 6 points, or 0.5%, when all was said and done. Finally, the Nasdaq Composite (COMP – 2,686.20) fared the best of the three, bouncing back from an early deficit to end about 29 points, or 1.1%, higher.

HAPPY TRADING 

Top 20 Overbought / Oversold Stocks 4ur Perusal

*Note: The list below is the 20 most overbought of the 1000 over Bursa Malaysia listed stocks with 14day RSI above 80. It is generally a bearish or SELL list, especially if the readings approach 90.

Caveat: The list consists of fundamentally sound stocks, and hence are longterm BUY or HOLD stocks.

*Note: The list above is the 20 of the most oversold of the 1000 over Bursa Malaysia listed stocks with 14day RSI close to and below 30, the level below which is considered oversold. It is generally a shortterm bullish or BUY list for technical rebound gains, especially if the readings are below 20.

Caveat: The list consists of fundamentally weak stocks, and hence could be an AVOID list.

GOODLUCK & HAPPY TRADING 

Technical Analysis >>> FBMKLCI Weekly

FBM KLCI Weekly Technical Analysis 08 - 11 Nov 2011

For the week ended on the 11^th of November, 2011, the KLCI fell a total of 8.76 points or 0.59% with its weekly high of 1490.74 point and the weekly low of 1466.25 points. Total market volume was 9,203,058,000 shares, up 12.95%.

Main Chart:

The KLCI is still testing 1488 Fibonacci, while staying above the 14, 21, 31 EMA dynamic support, and this suggest that the short term uptrend of the KLCI is still intact. Resistance for the KLCI remains at 1488 while other than the 14, 21, 31 EMA dynamic support, the 1453 is the next support for the KLC.

Bollinger Bands:

The Bollinger Bands was contracting, with the KLCI below the Bollinger middle band marginally. The contraction of the Bollinger Bands suggests that the KLCI direction is unclear, and usually implies that the KLCI is consolidating.

Volume:

As indicated by B, total market volume was strongly above the 40-day volume moving average. This shows that the market is well-participated. Generally, if volume should remains above the 40-day volume moving average, it would help sustain the improvement of the market sentiment.

MACD:

Despite the KLCI staying in its short term uptrend, the MACD histogram is still falling, suggesting that the KLCI is losing some strength. Nevertheless, the MACD line also crossed the trigger line, suggesting that the KLCI is showing some weakness.

WinChart RSI:

The WinChart RSI is also falling, but not yet broken below 50%. This is a signal suggesting a neutral strength for the KLCI.

Stochastic:

The Stochastic has fallen below 70%, ended the short term bullish signal. If the Stochastic should fall below 30%, it would be a short term bearish signal for the KLCI.

In Conclusion:

The KLCI short term uptrend is still intact, with its technical outlook remains positive. However, technical indicators are suggesting some weakness of the KLCI. Overall, the performance of the US and the European market still plays a major catalyst to the global market.

 

GOODLUCK2ALL 

Technical Analysis Chart >>> DJIA DAILY 12 NOV 2011

Williams PRO-Go Indicator

This indicator calculates two lines a "Public" line and the "Professional" line. The "Public" line is calculated by using the moving average of the candle's change from previous close to open. The "Professional" line is the moving average of the change from current open to current close.

This study is used usually for historical charts, and the rule of thumb is - if the Professional line goes below the Public line it is a sell signal, and if Professional line goes above the Public line it is a buy signal.

HAPPY WEEKEND 

Technical Analysis : FBMKLCI 10/11/2011 综合指数 2011年 11月 10日

FBM KLCI 10 Nov 2011
On Thursday, the KLCI fell 16.99 points or 1.14% to close at 1472.65 points, due to the overnight severe loss of the US markets. As indicated by A, the KLCI is still staying above the 14, 21, 31 EMA dynamic support, thus suggesting that the short term uptrend is still intact. Resistance for the KLCI remains at 1487 while the support is at 1453, other than the 14, 21, 31 EMA.

As indicated by B, total market volume fell only 1.26%, with volume still high above the 40-day volume moving average. This suggests that the market is still active participated, however, due to the falling of the KLCI on Thursday, the strong volume actually might imply that the selling pressure is high.

As indicated by C, the Stochastic fell below 70%, which is a signal suggesting that the short term bullish signal has ended. Also, it is a signal suggesting a beginning of a technical correction. If the Stochastic should fall below 30%, it would be a short term bearish signal for the KLCI.

In conclusion, the short term uptrend of the KLCI is still intact, and as long as the KLCI is still above the 14, 21, 31 EMA, the technical outlook is still positive.

综合指数 2011年 11月 10日

富时大马综合指数（综指）周四因隔夜美股大幅度下挫而下跌16.99点或1.14%，以1472.65点挂收。不过如图中箭头A所示，综指依然获得14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）动态支持线的扶持，因此短期涨势的格局还未受到破坏。综指阻力水平目前依然是1487点的费氏线，支持水平除了是14、21、31天EMA以外就是1453点的费氏线。

如图中箭头B所示，马股总成交量周四只减少1.26%，因此依然远远处于40天的成交量平均线（VMA）以上。这表示马股目前的交投还是很活跃的。不过，由于综指周四下跌超过1%，配合成交量继续偏高，这反而暗示着马股周四的卖压是偏强的。

如图中箭头C所示，随机指标（Stochastic）跌破了70%水平，因此综指短期强势的讯号已告一段落，同时也是综指短期技术调整开始的讯号。若随机指标跌破30%水平，那便是进入短期弱势区域的讯号。

总的来说，综指短期依然处于涨势中，而只要综指还是获得14、21、31天EMA动态支持线扶持的话，那综指目前的技术展望将继续是偏强的。

祝你好运

Middle Bollinger Rangebound x 30 Stocks 4ur Perusal

*Note: To qualify in this list below, the first sorting criteria is stock price must have just climbed or stayed ABOVE the middle Bollinger Band, followed by a second criteria that trading volume for the day must be significantly strong. This is a good watch list for momentum traders looking for short-term BUY ideas, as they are laggards with good upside potential towards the upper Bollinger band or higher to TAKE PROFIT/SELL. 

Caveat: Some stocks may continue to stay rangebound and trade sideways, hence traders should refer to their respective charts to spot accumulation (volume growth) or breakout patterns.

INTERPRETATION OF TECHNICAL INDICATORS:
Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium term trend is positive if share price stays above the 30-day, and negative if it remains below this average.
14-day RSI: A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30-day SMA should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day SMA is bearish and imply further near-term downside risk.
Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. 

Momentum traders will buy on price breaks above the upper band, and sell when price breaks below the lower band. Alternatively, a sharp move that originates at one band tends to go all the way to the other band, a useful observation when projecting price targets.

DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

 

HAPPY TRADING 

A Sharer Not A Trading Guru

Experience Counts 

My trading career spans decades, not years. My trading stories can be boring, exciting and questionable at the same time. I've never pocketed RM10,000 with a single trade ( 1 lot FKLI ), but I have watched few times that slipped away. I have never bet more than I could afford to lose, and my family has never suffered emotional distress or devastating financial losses from my trading. Consequently, any recovery needed from busted trades took minutes, maybe hours, from my life.

I coach a little ( if you can call it that ), and I do some consultancy ( usually on a person2person basis ). I can't tell you how to trade, nor predict what the next hot trade is. I can't even tell you that I have gotten rich from trading. What I can, and will, do for you, though, is give reasoned responses to your questions. I will tell you the truth as I see it, which you might or might not like. Failure to agree is an option here for I will only tell you things I have learned ( through experience ), things that might turn losses into gains and frustration into equanimity. Books and theories are a dime a dozen. 

I relate to the personal side of trading, the side that deals with you as a trader, not you as a decipherer of symbols and patterns. Double fat bottoms, upside-down waving flags, or cups with two handles  may mean the world to you, not me. I am a simple trader with a plan and a piece of software that works. I have no grand trading ambition, nor do I believe trading is a way to vast wealth.

For every Warren Buffet, tens of thousands are licking their wounds, patching up their lives, or simply living out their lives in some measure of desperation.

As well, though, tens of thousands of traders work hard, make a decent go of it, and survive to make another ringgit on another day. These are my people, my traders, my ZLBTians. These traders are the salt of the pits. Traders who actually succeed with their emotions and bank accounts intact form the foundation of anything I will ever tell you. 

My simple goal is to help you help yourself become a successful trader.

Technical Analysis : 综合指数 2011年 11月 04日 FBMKLCI 04/11/2011

综合指数 2011年 11月 04日
 如图中箭头A所示，富时综合指数在1453.81点的费氏线与14、21、31天加权移动平均线（EMA）获得扶持后回弹，综指周五以1477.51点闭市，按日上扬15.14点或1.04%。EMA接下来将是综指的一道重要的动态支持线，只要综指能在EMA以上，综指继续转强上扬的机会高。

另一方面，综指目前仍然处于布林中频带以上，所以综指自10月5日来的上扬讯号仍然完整，直到综指跌破布林中频带为止。

如图中箭头B所示，马股总成交量增加19%，远远的高于40天成交量平均移动线（VMA），这显示马股市场的交投会活跃，承接力量也相应的提高，通常这是对综指继续转强有利。

如图中箭头C所示，随机指标（Stochastic）继续保持在70%以上，所以综指的短期上扬趋势讯号不变，直到随机指标跌破70%为止。

总的来说，综指在稍微下退之后，在支持线上寻获支撑点后回弹，这显示综指继续的形成较高底，这是上扬趋势的典型状态。无论如何，综指目前仍然处于200天移动平均线以下，所以长期走势能否完全转强仍然有待指数的进一步演变。

FBM KLCI 04 Nov 2011

The arrow shown in Figure A, the FBMKLCI will be depending on the EMA 14, 21, 31days (exponential moving average) to obtain support after the rebound on Friday, the KLCI closed on Friday @ 1477.51 points; on a daily basis rose 15.14 points, or 1.04%. The EMA of the KLCI would follow the dynamics of an important support trio of lines, hovering above the EMA, the KLCI rose to claim a stronger opportunity to continue higher.

On the other hand, the KLCI is still at the Bollinger band, so the composite index from October 5 to the rise in the signal remains intact until the KLCI fell below the Bollinger band thus far.

 

The arrow shown in Figure B, trading volume rose 19% of total turnover, far above 40-day volume moving average line (VMA), which show stock market horse trading will be active, to undertake a corresponding increase in strength. Usually the strengthening of the volume should continued to be favorable to the upside of the index.

 

The arrow shown in Figure C, a random index (Stochastic) maintained at 70% or more, so the short-term upward trend in the KLCI signal remains unchanged, until the Stochastic should fell below 70%.

Overall, the KLCI ended lower for the week, although the anchor found the supporting lines for a closing week rebound, indicating the formation of the higher highs of the KLCI to continue this upward trend is typical of the present state of affairs. In any case, the KLCI is still above the 200-day moving average line, so a stronger long-term trend remains intact to enhance the further evolution of the index.

HAPPY TRADING 

Technical Analysis : FBMKLCI 03/11/2011 综合指数 2011年 11月 03日

FBM KLCI 03 Nov 2011
As indicated by A, the FBM KLCI had its intraday low touching 1452.37 points, but the KLCI still managed to find its support at 1453 fibonacci as well as the 14, 21, 31 EMA dynamic support, closing the day at 1462.37 points, fell 8.58 points or 0.58%.

As indicated by B, total market volume increased 12.15%, with volume still highly above the 40-day volume moving average. On one hand, this suggests that the market is still actively participated, and on the other hand, the higher volume which associated with the falling of the KLCI might imply some increased of selling pressure.

As indicated by C, the Stochastic is still falling, but still not yet breaking below 70%, thus the short term bullish signal is still intact. If the Stochastic should fall below 70%, it would also mark a beginning of a short term technical correction.

In conclusion, the short term uptrend of the KLCI is still intact, and if the KLCI should break below the 14, 21, 31 EMA, it might violated the short term uptrend, and the KLCI could consolidate. Nevertheless, resistance for the KLCI remains at 1487 Fibonacci.

 综合指数 2011年 11月 03日

如图中箭头A所示，富时大马综合指数（综指）周四一度下滑至1452.37点的全日最低点，惟精确的在1453点及14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）动态支持线找到扶持，全日以1462.37点挂收，下跌8.58点或0.58%。

如图中箭头B所示，马股总成交量增加12.15%，因此维持在40天的成交量平均线（VMA）以上。虽说成交量能维持在40天的成交量平均线以上，一般上表示马股交投整体上还是属于活跃的，同时有利于维持马股当前正在改善的投资气氛。然而，若综指下跌时成交量放大的话，那也暗示着当日卖压的增加。

如图中箭头C所示，随机指标（Stochastic）周四继续的下滑，不过却还未跌破70%水平。因此综指短期强势讯号至今仍然是有效的。若随机指标跌破70%水平，那也是综指短期技术调整开始的讯号。

总的来说，综指当前的短期涨势仍然是完整的，除非综指接下来失守14、21、31天EMA的动态支持线，那么综指短期涨势将受到破坏，届时将再次进入盘整格局。无论如何，综指阻力水平依然

祝你好运

Random Stock Scan >>> DRBHCOM 1619

 DRB-Hicom shares should rise to RM2.18 (76.4%FR), matching the upper

Bollinger band, pending breakout to challenge RM2.40 and RM2.50, the

7/4/11 high, while immediate support at RM1.99 (61.8%FR) is reinforced

by the 50-day ma.

DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

 

GOODLUCK 

Technical Analysis : FBMKLCI 02/11/2011 综合指数 2011年 11月 02日

FBM KLCI 02 Nov 2011
As indicated by A, the KLCI had its intraday low reaching 1457.50 points, but it was supported by both the 1453 Fibonacci Retracement Line, as well as the 14, 21, 31 EMA dynamic support, and regain most of the early losses, to close at 1470.95 points, downed 4.69 points or 0.32%. For now, the 14, 21, 31 EMA and the 1453 are still the support for the KLCI while the resistance remains unchanged at 1487.

As indicated by B, total market volume increased 31.13%, with volume above the 40-day volume moving average. Generally, market is still well-participated, and technically, if volume should remain above the 40-day volume moving average, the market sentiment as a whole is still positive.

As indicated by C, the Stochastic remains above 70%, in the short term bullish territory. Therefore, this suggests that the short term movement of the KLCI is still positive.

In short, the short term uptrend of the KLCI is still intact. In fact, if the KLCI could rebound from the 14, 21, 31 EMA, it would be forming higher-lows, which suggests that the technical outlook is still positive. However, performance of the US and European markets has a major impact to the sustainability of the KLCI short term uptrend.

 综合指数 2011年 11月 02日

 如图中箭头A所示，富时大马综合指数（综指）周三一度下滑至1457.50点的全日最低，惟在14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）动态支持线及靠近1453点费氏支持线获得了扶持，才把全日跌幅18.14点减至4.69点。综指当前支持水平保持在1453点及14、21、31天EMA，阻力水平仍然是1487点的费氏线。

如图中箭头B所示，马股总成交量增加31.13%，因此成交量还是维持在40天的成交量平均线（VMA）以上。这表示马股当前的交投还是属于活跃的，而一般来说，只要成交量能维持在40天的成交量平均线以上，那将有利于马股维持当前的短期涨势。

如图中箭头C所示，随机指标（Stochastic）依然处于70%水平以上的短期强势区域里，这表示综指短期的走势目前还是偏强的。

总的来说，综指短期涨势依然是完整的。接下来若综指能在14、21、31天EMA动态支持线以上反弹的话，那便是形成较高低（Higher-lows）的特征。不过，至于综指短期涨势能否延续下去而逐步演变成中期的涨势，那就要看欧美股市接下来的表现了。

祝你好运

Random Stock Pick >>> TENAGA 5347

 Tenaga shares should correct towards RM5.44 (23.6%FR) or RM5.17, with the RM4.89 low of

26/9/11 as the core support platform. Resistance is seen at RM6.05 (50%FR).

DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

 GOODLUCK2ALL 

Technical Analysis : 综合指数 2011年 11月 01日 FBMKLCI 01/11/2011

综合指数 2011年 11月 01日
如图中箭头A所示，富时大马综合指数（综指）一度上扬至1485.90点的全日最高，惟在1487.62点的费氏阻力线遇阻后下跌，按日下挫16.25点或1.09%，以1475.64点挂收。综指当前支持水平仍然是1453点的费氏线及14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态支持线。

如图中箭头B所示，马股总成交量周二减少10.4%，不过还是勉强的处于40天的成交量平均线（VMA）以上。接下来若成交量继续下跌并跌破40天的成交量平均线的话，那表示马股的交投再次回到淡静的格局。

如图中箭头C所示，随机指标（Stochastic）在周二下跌，不过却还未跌破70%水平。这表示综指短期的走势还是偏强的，直到随机指标失守70%水平为止。当随机指标跌破70%水平时，除了表示综指短期偏强走势告一段落以外，也表示短期技术调整的开始。

总的来说，综指虽然回跌超过16点，但是短期涨势依然是完整的。以技术而言，只要综指能继续获得14、21、31天EMA动态支持线的扶持，那当前的技术展望将还是偏强的。相反地，若综指失守14、21、31天EMA的话，那表示综指短期的涨势也将受到了破坏。

FBM KLCI 01 Nov 2011

As indicated by A, the KLCI had its intraday high reaching 1485.90 points, but it was still resisted by 1487.62 Fibonacci Retracement line, and ended 16.25 points or 1.09% lower to close at 1475.64 points. Support for the KLCI remains at 1453 as well as the 14, 21, 31 EMA dynamic support.

As indicated by B, total market volume fell 10.4%, while still above to stay above the 40-day volume moving average. If volume should continue to fall and failed to stay above the 40-day volume moving average, it suggests that the market participation would then back to quiet, and the market sentiment would likely be affected too.

As indicated by C, the Stochastic fell on Tuesday, but still able to hold up above 70%, in the short term bullish territory. This suggests that the market movement for the short term is still positive. If the Stochastic should break below 70%, it would mark an end to the short term bullish movement, while also indicates a beginning of a technical correction.

In conclusion, despite losing over 16 points, the short term uptrend of the KLCI is still intact. Technically, provided that the KLCI could stay above the 14, 21, 31 EMA dynamic support, the technical outlook for the KLCI is still positive.

HAPPY TRADING & GOODLUCK2ALL 

Random Stock Pick >>> PERDANA PETROLEUM (7108)

For Perdana Petroleum shares, a decisive breakout above 72sen (23.6%FR), matching the upper Bollinger band, could fuel further upside towards 83sen (38.2%FR) and 92sen (50%FR), with RM1.00 (61.8%FR) as stronger resistance ahead of profit‐taking correction. Support is also seen at the 50‐day ma (67sen).

DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.