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Wednesday, November 2, 2011

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 02
 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142131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142131EMA,阻力水平仍然是1487点的费氏线。





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