Window Dressing on heavyweights spike FBMKLCI

The FBM KLCI index gained 24.04 points or 1.60% on Friday. The Finance Index increased 2.08% to 13702.75 points, the Properties Index up 0.18% to 999.71 points and the Plantation Index rose 0.92% to 8162.7 points. The market traded within a range of 22.13 points between an intra-day high of 1530.73 and a low of 1508.60 during the session.

Actively traded stocks include KULIM-CB, UTOPIA, MULPHA, KFC-CB, WIJAYA-WA, COASTAL-CA, MAHSING-CB, MAHSING-CE, SANICHI and SYF-WA. Trading volume decreased to 1329.42 mil shares worth RM1527.91 mil as compared to Thursday’s 1588.84 mil shares worth RM1163.31 mil.

Leading Movers were CIMB (+28 sen to RM7.44), MAYBANK (+26 sen to RM8.58), SIME (+20 sen to RM9.20), PBBANK (+20 sen to RM13.38) and DIGI (+10 sen to RM3.88). Lagging Movers were GENM (-1 sen to RM3.83), YTLPOWR (-1 sen to RM1.78), MMHE (-6 sen to RM5.66) and ARMADA (-1 sen to RM4.10). Market breadth was positive with 468 gainers as compared to 327 losers.

ZLBT wishes all visitors......

A Happy & Prosperous New Year

 2012

A pressured day ahead for FKLI bulls

Preview
Expect futures to trade range bound today with downward bias as US markets slid last night on renewed worries over sovereign debt in the eurozone. Profit-taking activities added to the sell-off as investors booked their profits from the recent end of year rally. Back home, FBMKLCI gained 0.21 percent to finish the day
at 1504.11. The index tested the major resistance level of 1500 from the out-set of trade. However, it fell back to its low of the day at circa 1496 during the mid-point of the morning trade.

From here onwards, the index gradually traded higher with momentum carrying it through 1500 where it settled near its high of the day. Leading movers of the index were Petronas Gas and CIMB. Futures remained a narrow premium over the underlying as expiry draws near.

Technicals
Futures settled marginally higher at 1504.5. A spinning top candle was formed indicating indecisiveness. The bears pressured prices during the early trade. However, the buying interest helped futures recoup the losses. Bullish indicators are still intact as futures held above its 200-day moving average and MACD still on a bullish divergence course. As such, support and resistance levels pegged at 1493 and 1508.

Strategy
Aggressive trade may short with stop on above 1513.

HAPPY TRADING 

FKLI Traders >>> Look to sell FBMKLCI 1500 on weakness

A fair chance for FKLI SELLERS if they wait for a FBMKLCI 1500 breakout followed by a 1500 breakdown support.
 Reminder : Market is above average with substantial strength for a push above the FBMKLCI 1500. The criteria hers is : "Can the KLCI mantain 1500 as support after breakout?"

ZL will be looking to SELL FKLI after CI 1500 breakout and during a reversal. Goodluck. 

Dow, SP 500 recover early losses; Nasdaq falls 0.99%

Yahoo & BoAC squares off Oracle's earning reports

Apparent relief over the Bank of America Corp. BAC settlement and late-breaking report on Yahoo Inc. YHOO helped stocks shed losses in the last hour.

After spending most of the day in the red,  Dow Jones Industrial Average finished up 4.16 points,  or 0.03%, at 12,107.74. The S&P 500 rose 2.42 points, or 0.2%, to 1,243.72. The Nasdaq Composite lagged, dragged down by a sour reaction to Oracle Corp.’s results. The Nasdaq lost 25.76 points, or 1%, to 2,577.97.

Crude-oil futures racked up their third-straight winning session today, getting some momentum from the Energy Information Administration's (EIA) weekly inventories report. For the week ended Dec. 16, the EIA reported a bigger-than-expected drop of 10.6 million barrels in domestic crude supplies, while analysts were expecting a decrease of only 2.25 million barrels. Against this backdrop, oil for February delivery tacked on $1.43, or 1.5%, to close at $98.67 a barrel.

Additional volume needed for any rally

 Please right click on mouse choose "Open in new tab" to further ENLARGE images

HAPPY TRADING 

Solid DJIA and Crude Oil Rebounds To Kickstart FKLI and CPO Today

BULLS STORM WALL STREET

FKLI Ready To Rock & Roll

 The DJIA skyrockets 337.32 points (+2.87%) last night on better Housing Data & moderate Eurozone debt yields. Traders went to town shopping & bargain hunting in true Christmas spirit.

On the local front, the futures index is expected to spike closer to the psychological 1500 Resistance level today.

 Please right click on mouse & choose "Open In New Tab" to further ENLARGE images

 Upbeat US housing data bolstered hopes for domestic energy demand. In addition, escalating concerns about Iran's nuclear capabilities sparked concerns about supplies, which also added to black gold's momentum. By the close, January-dated crude futures advanced $3.34, or 3.6%, to end at $97.22 per barrel.

Profit takings in the greenback (USD) also boosted the rebound making oil a cheaper buy for energy and commodity traders. 

Local palm oil traders on MDEX are expected to further support CPO prices on supply tightness and spillover of overnight soyoil  gains. Soy futures tagged on another 49 cents ( 0.98% ) to close at 49.53 as rally picks up steam.

 CPO may shrug off macro worries and resume its uptrend in coming sessions if prices "rise past MYR3,030/ton in the near term," a Kuala Lumpur-based analyst said.

CPO prices envisaged to close-in on the 3100 mark.

  

HAPPY TRADING 

FKLI Indicators Turning Positive

 FKLI 1500 Within Touching Distance

HAPPY TRADING 

Technical Analysis : FBMKLCI 19/12/2011 综合指数 2011年 12月 19日

FBMKLCI 19 Dec 2011
As indicated by A, the FBM KLCI returned to above the 14, 21, 31 EMA, gaining 11.56 points or 0.79% to close at 1477.78 on Monday. The KLCI also formed higher-lows, thus forming the L1 uptrend line and the immediate technical outlook for the KLCI is positive. Resistance for the KLCI is still at 1500 point as well as the 200-day Moving Average.

As indicated by B, despite the KLCI gaining over 10 points, total market volume fell 10.54%, with volume below the 40-day volume moving average, while losers out-numbered winners. This suggests that the KLCI was only lifted by some heavy weighted blue chips, and the improvement is not broad base.

As indicated by C, the Stochastic breaks above 70%, entering the short term bullish territory. If the Stochastic could continue to stay above 70%, the short term movement of the KLCI is expected to be positive.

In conclusion, the KLCI is forming the L1 uptrend line, with its immediate technical outlook turning positive. However, in order to sustain this uptrend, the KLCI must break above its 1500 resistance. If the KLCI could break out above 1500, with strong volume, more upside room for the KLCI is likely.

综合指数 2011年 12月 19日

如图中箭头A所示，富时大马综合指数（综指）周一重返14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）以上，按日上扬11.56点或0.79%，1477.78点挂收。综指同时形成较高底（Higher-lows）的特征，于是形成了L1的上升趋势线。接下来若综指能继续维持在L1线或14、21、31天EMA上，那综指的技术展望将恢复到正面的。综指阻力水平依然是1500点及200天的移动平均线。

如图中箭头B所示，综指虽然周一虽然上扬，但是马股总成交量却减少10.54%，并且处于40天的成交量平均线（VMA）以下,再加上马股周一下跌的股项多过上升股项，这表示综指只是因为一些重量级蓝筹股项的带动而上扬，但是马股整体上的交投并未全面性的增加，这表示投资者对马股的信心还未完整恢复。

如图中箭头C所示，随机指标（Stochastic）周一上扬突破70%水平，进入了短期强势区域里。接下来若随机指标能继续维持在70%水平以上，那综指短期的走势将会是偏强的。

总的来说，虽然综指周一上扬超过10点，并形成L1的上升趋势线，不过综指能否延续上扬格局，仍然要看综指接下来能否突破1500点的大关。无论如何，综指当前的技术展望是处于正面的，若综指能突破1500点阻力水平，再配合马股总成交量明显增加并保持在40天的成交量平均线以上的话，那综指届时后市将有望看高一线。

祝你好运

Technical Analysis : DJIA and FBMKLCI 16 Dec 2011

Xmas Rally & Window Dressing To Counter Decline

The Dow closed slightly lower on Friday but remains above support marked by the 20-day moving average crossing at 11,832. The Dow turned lower in the afternoon session wiping out early session gains as optimism over Europe's debt crisis fizzled after Fitch Ratings indicated that it might downgrade ratings of six European nations. Multiple closes below the 20-day moving average are needed to confirm that a short-term top has been posted and would open the door for additional weakness near-term. 

The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI have turned bearish signaling that sideways to lower prices are possible near-term. If the Dow extends this week's decline, November's low crossing at 11,231 is the next downside target. Closes above the 10-day moving average crossing at 12,016 would temper the near-term bearish outlook.   
First resistance is the 10-day moving average crossing at 12,016.

Second resistance is last Wednesday's high crossing at 12,257.

First support is Wednesday's low crossing at 11,786.

Second support is November's low crossing at 11,231.

 Week-on-week the Dow is down 2.61% or 317.87 points

 FTSE Malaysia Composite Index (KLCI) rose to 1472.76 points on Friday which was the intraday high, but in the moment before the close, it went down, taking the composite index to 1466.22 points but still up 2.11 points or 0.14% for the session. 

 Arrow A, as shown in the chart, the KLCI is still at EMA 14, 21, 31 days hovering around neither indicating bullish nor bearish. Resistance levels remain at 1,500 points and 200-day moving average support level is maintained at 1430 points.

The arrow shown in Figure B, the total volume shares increased by 14.44%, which is slightly higher breakthrough volume of the 40-day volume moving average (VMA). Technically, if the volume continues to increase and maintain above the 40-day average trading volume, the general outlook will indicate improving sentiments of the overall investment climate. However, the shares that are actively traded on Friday are still low-priced items consisting mostly pennystocks & warrants, As such, the current increase in volume does not truly reflects the recovery of bluechips or big cap stocks investment in KLSE.

The arrow shown in Figure C, the Stochastic continue to rise, but is still confined between 30% and 70% level This means that the KLCI is moving within a narrow tight range short-term pattern.

Overall, the KLCI is still at the current point between 1430 to 1500 consolidation pattern and the direction remains uncertain. The KLCI pattern of long-term trend, it is still maintained in the bearish bias pattern, because the KLCI is closer to the 200-day moving average line support.

HAPPY WEEKEND 

ZLBT Random Stock Pick >>> 5005 UNISEM BHD

A picture paints a thousand words

No need commentaries 

GOODLUCK 

Technical Analysis : 综合指数 2011年 12月 15日 FBMKLCI 15/12/2011

综合指数 2011年 12月 15日
如图中箭头A所示，富时大马综合指数（综指）周四一度下跌至1448.54点的全日最低点（盘中下跌14.58点），但是在蓝筹股如CIMB,UMW及IOI的带动之下，使得综指缓缓的回弹，并且已1464.11点挂收，微扬0.99%。综指阻力水平依然是1500点及200天的移动平均线，支持水平则是1430点的水平。

如图中箭头B所示，马股总成交量周四虽然增加4.67%，但是依然处于40天的成交量平均线（VMA）以下。这表示马股当前的交投还是属于淡静的，同时暗示着投资者对马股还未恢复信心。

如图中箭头C所示，随机指标（Stochastic）周四回弹，并稍微突破30%水平。若随机指标能在50%水平之间徘徊的话，那表示综指短期的走势将会是进入低幅度的横摆盘整格局。

总的来说，综指继续在1430点至1500点的区域范围内盘整，目前还未形成涨势或跌势。但是综指长期的走势，却还是处于熊市格局里，直到综指成功上扬突破200天移动平均线为止.

FBM KLCI 15 Dec 2011

Arrow A shown in Figure FTSE Malaysia Composite Index (KLCI) fell to 1448.54 points Thursday intraday lowest point (session down 14.58 points), but blue chips such as CIMB, UMW and IOI drove the rebound, making the KLCI resilient to close at 1464.11 points giving the KLCI a 0.99 point  microgain. The KLCI is still facing a hardy 1,500 points resistance level together with the SMA 200. Support  is seen 1430 points.

The arrow shown in Figure B, market shares of the total volume increase by 4.67% on Thursday though, but still below the 40-day average trading volume (VMA). This means that the current trading activities are a little quiet, while suggesting that investors have not yet restored full confidence in the KLSE.

The arrow shown in Figure C, the Stochastic on Thursday rebounded, and slightly exceeded the 30% level. If the Stochastic keeps hovering between 30% & 50% level, then the short-term trend of the KLCI can be considered as a low rate horizontal consolidation pattern.

 

Overall, the KLCI  remain within 1430 points to 1500 points - the area of correction, and have yet to rally or decline. However, the KLCI long-term trend is still fluctuating within a bear market pattern until the Composite Index should rise and overcome the 1500 mark or the SMA 200 Resistance.

HAPPY TRADING 

CPO Chart

Rising US Dollar to cap Crude & CPO Upside

 SUPPORT 

2981

3000

RESISTANCE

SMA 14 >>> 3065

SMA 31 >>> 3086

SMA 21 >>> 3110

HAPPY TRADING 

WALL STREET : Stocks Surrender Early Gains on Post-Fed Sell-Off

FED STRIKE A SELL CHORD 

U.S. stocks explored both sides of breakeven today, but ended in the red after the Fed seemingly rained on the bulls' parade. Specifically, despite surprising no one by maintaining rock-bottom interest rates, and essentially standing pat on its economic outlook, buyers hit the exits in the wake of the Federal Open Market Committee (FOMC) policy statement. While some economists attributed the afternoon about-face to a lack of QE3 signals, others said the turnaround was simply due to light volume and year-end liquidations. In any case -- and thanks to a round of lackluster retail sales data and bailout-related rumors out of Germany -- the major market indexes gave up early gains to settle notably lower.

The Dow Jones Industrial Average (DJIA – 11,954.94) explored a range of more than 240 points, but eventually ended with a loss of 66.5 points, or 0.6%, to finish south of the 12,000 level and its 10-day moving average. However, the blue-chip barometer maintained a perch atop its 200-day trendline, which hasn't been violated on a daily closing basis since Nov. 29. Among the index's 30 components, Pfizer (PFE) led the seven advancing equities with a 1.8% gain, while Alcoa (AA) paced the 21 decliners with a loss of 3.3%. Both Boeing (BA) and Merck (MRK) finished flat.

HAPPY TRADING 

Technical Analysis : FBMKLCI 09/12/2011 综合指数 2011年 12月 09日

FBM KLCI 09 December 2011
On Friday, the KLCI gap down, losing 12.79 points or 0.87%, to close at 1460.13 points. As indicated by A, the KLCI broke below the 14, 21, 31 EMA marginally. Support for the KLCI is at 1430 while the resistance remains at 1500 as well as the 200-day MA.

As indicated by B, total market volume fell 20.10%, as investors are staying away from the market amid uncertainties and worries of the Euro zone debt crisis. If volume should remains low, it is actually a sign of a healthy consolidation of the market. Of course, with low volume, the market is less likely to pick up any strength.

As indicated by C, the Stochastic is still falling, breaking below 50%. Generally, if the KLCI were to consolidate in a sideways manner, the Stochastic is expected to fluctuate between 30%~70%.

In conclusion, after being resisted by 1500 as well as the 200-MA, the KLCI enters a consolidation. Despite the KLCI retreat, it has not formed lower-highs, thus not yet showing a downtrend formation. If the KLCI should continue to stay below the EMA 14, 21, 31, then the KLCI short-term technical outlook will be negative.

综合指数 2011年 12月 09日

富时大马综合指数（综指）周五跳空下跌，按日下跌12.79点或0.87%，以1460.13点挂收。如图中箭头A所示，综指稍微跌破了14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态支持线。综指接下来支持水平落在1430点的水平，阻力水平则仍然是1500点及200天的移动平均线。

随着综指继续下调，马股总成交量周五再度减退，减少20.10%。如图中箭头B所示，马股总成交量处于40天的成交量平均线（VMA）以下，这表示马股整体上的交投回到淡静的格局。这表示投资者保持谨慎的态度，同时因对股市缺乏信心，而保持场外观望的态度。一般来说，若综指延续盘整格局的话，那偏低的成交量其实也是很健康的。当然，若成交量继续偏低的话，那马股整体上将难以转强。

如图中箭头C所示，随机指标（Stochastic）在周五继续的下调，并跌破50%水平。以技术而言，若综指维持在横摆的盘整格局的话，那随机指标将会在30%～70%水平之间徘徊。

总的来说，综指自1500点及200天移动平均线遇阻后，进入了盘整格局。虽然综指缓缓下调，但是却还未有形成较低峰（Lower-highs）的特征，这表示综指还未有形成跌势的特征。接下来若综指继续下跌而维持在14、21、31天EMA的话，那综指短期的技术展望将是处于负面的。

 祝你好运 

FKLI Bears Building Downside Momentum

ZLBT's Early Warning System

The consecutive Harami  showed it's potency

 http://zlbursatheme.blogspot.com/2011/12/market-round-up-fbm-klci-fkli-07-dec.html

There was some contradictory signals between the SMAs & the 2 Harami yesterday. It was a hard call for ZL becoz I was in a "Catch 22" situation holding FKLI 1479 LONG and the FKLI closed 1484.5 putting me in the money.

Nevertheless, ZL cannot totally ignore a "flashing sell' signal. Which trader doesn;t want more profits? And remember I was into 5.5 pts profits after FKLI closed yesterday.  

 The maximising & minimising profits & losses policy couldn't be more telling today. The opening gap down said I couldn't get more than the previous day so? No choice but to save a bad situation from getting worse. Managed to escape by the skin of my teeth.

My Positions

1479.0 LONG x 1 overnite holding

1472.5 LONG x 2 Intraday (today)

= 4424 / 3 = 1474.666 or 1475 rounded.

Close all 3 @ 2.41pm  1475.0

Losses = 3 brokerages

That was close, very close 

Market Round-up >>> FBM KLCI, FKLI 07 Dec 2011

Composite Index 07/12/2011

As indicated by A, the FBM KLCI had its intraday low of 1473.68 points, but it managed to rebound after being supported by the 14, 21, 31 EMA dynamic support, ended 2.07 points or 0.14% higher. Resistance for the KLCI remains at 1500 while the support is at 1430 other than the 14, 21, 31 EMA dynamic support.

As indicated by B, total market volume fell 7.65%, but still above the 40-day volume moving average. This suggests that the market is still actively participated. However, since these actively traded stocks are mostly penny stocks, and Call-Warrant, the high market volume is not necessary reflecting the improvement of investors confidence.

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

In conclusion, with the KLCI above the 14, 21, 31 EMA dynamic support, the technical outlook for the KLCI is still positive, but the KLCI has not yet resume its uptrend, not until the KLCI could successfully break above 1500 and the 200-day MA. Nevertheless, the KLCI is still likely to consolidate within 1430 ~ 1500.

综合指数 2011年 12月 07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1473.68点的全日最低点，惟在靠近14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）动态支持线时回弹，按日反弹2.07点或0.14%。综指目前阻力水平保持在1500点的整数水平，支持水平除了是14、21、31天EMA以外就是1430点的水平。

如图中箭头B所示，马股总成交量周三虽然减少7.65%，但是依然能处于40天的成交量平均线（VMA）以上。这表示马股整体上的交投还是属于活跃的。不过，由于活跃交易的股项仍然是低价股及回购凭单（Call-Warrant），因此这成交量随保持活跃，但是却还未是最理想的状况。

如图中箭头C所示，随机指标（Stochastic）至今仍然维持在70%的水平以上，这表示综指短期走势还是维持在偏强的格局，直到随机指标跌破70%水平为止，届时才是综指短期技术调整开始的讯号。

总的来说，由于综指当前还是维持在14、21、31天EMA以上，因此综指目前的技术展望还是处于正面的。不过，综指却还未能恢复涨势，除非综指能够上扬突破1500点及200天移动平均线的阻力水平。否则，综指将维持在1430点至1500点之间的盘整格局。

Bursa Malaysia Top Stocks Outlook 07 Dec 2011 

 FKLI Discount & Premium fluctuations make traders edgy

Technically, there is a little confusion between the bullish SMAs & the bearish looking Harami in the FKLI Daily Chart

 

 

 

 

 

 

 

HAPPY TRADING

Middle Bollinger Rangebound x 30 Stocks 4ur Perusal 06/12/2011

*Note: To qualify in this list above, 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 shortterm 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 range bound and trade sideways, hence traders should refer to their respective charts to spot accumulation (volume growth) or breakout patterns.

 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 

Market Round-up, FBMKLCI, DRB HICOM, PROTON 05 Dec 2011

Market Round-up 05 Dec 2011
The local stock market stayed buoyant on Monday with profit-taking well absorbed on improving external sentiment and resurgent buying momentum, as speculation of a change in shareholdings in Proton kick started rotational plays on lower liners. The KLCI stayed range bound between low of 1,487.36 and high of 1,492.71 before closing up 0.93 points at 1,489.95, as gainers led losers 407 to 337 on robust volume totaling 2.3bn shares worth RM1.33bn.

The strong comeback in trading momentum is positive and must sustain to promote further upside for lower liners, while blue chips congest to rebuild support. The immediate resistance stays at 1,503, the 200-day moving average matching last Thursday's high, a key hurdle to cross and promote breakout to target 1,529, the 76.4% Fibonacci Retracement (FR) of the 1,597 to 1,310 sell-off. The next significant hurdle will be 1,597. Immediate support is at 1,472, the 100-day moving average, with better support at 1,438, the leveling 50-day moving average.

FBM KLCI Technical Outlook 

On Monday, the KLCI was still trading in a narrow range, gaining only 0.93 points at the close. As indicated by A, the KLCI is still below the 1500 level, which is also the level of the 200 day Moving Average line. Therefore, the 1500 is likely to be a strong resistance for the KLCI, while the support is at 1430.

As indicated by B, total market volume increased 36.32%, with volume high above the 40-day volume moving average. However, most of the actively trading counters were lower liners, and their call-warrants, which were trading below 50 cents. Therefore, the high volume on Monday has failed to truly reflect the investors' confidence about the local market.

As indicated by C, since breaking above 70%, the Stochastic has been staying above 70%, in the short term bullish territory. This suggests that the short term movement of the KLCI is still positive.

In conclusion, the technical outlook for the KLCI remains positive but since the KLCI is still below 1500, the KLCI has not yet resuming its uptrend movement, but rather, continue in its trading range or consolidating stage.

Technical Chart DRB Hicom ( Code : 1619), DAILY 

DRB-Hicom brokeout on strong volume yesterday, enhancing upside to climb above the upper Bollinger band and re-test the 7/4/11 peak of RM2.50 for breakout towards RM2.81 (1.236FP), RM3.00 (1.382FP) and RM3.16 (1.5FP) in the longer-term. Good support is seen at RM2.00 (61.8%FR). 

Technical Chart : PROTON (Code : 5304) WEEKLY

Proton extended strong breakout rally for a second day, hence a pullback is likely near-term which should be good buying opportunity for further medium-term upside towards RM4.80 (50%FR), RM5.58 (61.8%FR) and RM6.54 (76.4%FR). Immediate support on a profit-taking pullback is at RM4.02 (38.2%FR).

HAPPY TRADING 

Daily / Weekly Technical Analysis : FBM KLCI 05 Dec 2011

The FBMKLCI : Daily & Weekly Technical Outlook

A pullback necessary for further support  

The blue-chip benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI)

surged 57.47 points, or 4% week-on-week to settle at 1,489.02, with CIMB (+46sen), Genting

Bhd (+84sen), Maybank (+35sen) and Tenaga (+30sen) contributing more than two-fifths of

the index’s rally. Average daily traded volume and value improved moderately to 1.55bn

shares and RM1.68bn respectively, compared with the 1.45bn shares and RM1.1bn average

the previous week.

Trading range for the KLCI ballooned to 65.32 points last week, compared with the 27.79-

point range the previous week, as blue chips pushed the index up to flirt with the 1,500 level.

For the week, the FBM-EMAS Index rallied 353.64 points, or 3.6% to 10,169.61, while the

FBM-Small Cap Index climbed 175.56 points, or 1.54% to 11,570.25.

 The daily slow stochastics indicator for the KLCI has climbed up steeply and is fast

approaching the overbought line (Chart 1), while the weekly indicator has re-hooked

upwards to neutralize the previous week’s sell signal. The 14-day Relative Strength Index

(RSI) indicator climbed up for a robust reading of 60.37 as of last Friday, while the 14-week

RSI hooked up with a positive reading above 50.

The daily Moving Average Convergence Divergence (MACD) signal line crossed for a buy

signal following last Thursday’s gap-up, while the weekly MACD has re-hooked upwards to

retain the bullish stance (Chart 2). Meanwhile, the +DI and -DI lines on the 14-day Directional

Movement Index (DMI) trend indicator crossed for a buy signal on a leveling ADX line.

 Conclusion

Buy signals on the daily MACD and DMI trend indicators with improving momentum

indicators following last week’s robust 4% rally on KLCI could see the local market resuming

higher towards year-end. However, on the daily chart, the sighting of a bearish “shooting

star” candle, signaling high possibility for a short-term peak coinciding with the key 200-day

moving average resistance, should see the index pullback and cover last Thursday’s gap-up

before more buying interest returns. As such, investors should see the market move into base

building mode to reinforce a higher support platform this coming week.

The immediate resistance is now at 1,503, the 200-day moving average matching last

Thursday’s high, which is a key hurdle to cross and promote breakout to target 1,529, the

76.4% Fibonacci Retracement (FR) of the sell-off from the 1,597 record high of 11 July to the

recent pivot low of 1,310 on 26 Sept. The next significant hurdle will then be 1,597 which

requires a total reversal in risk aversion with regards to the European debt situation and

global economic outlook. Immediate support is upgraded to 1,473, the 100-day moving

average, with better support at 1,437, the leveling 50-day moving average.

Weekly Technical Analysis : FBMKLCI 05/12/2011

For the week ended on the 2^nd of December, 2011, the KLCI gained a total of 57.47 points or 4.01% with its weekly high of 1502.53 point and the weekly low of 1437.21 points. Total market volume was 6,209,836,600 shares, downed 14.63%.

Main Chart:

As the KLCI rebounded strongly, it managed to break above the 14, 21, 31 EMA dynamic resistance. However, the KLCI failed to break above the 1500 resistance, and coincidentally, the 1500 is also the level of the 200 day Moving Average. This suggests that the long term movement of the KLCI is still on the negative side.

Bollinger Bands:

After the KLCI had broken above the Bollinger middle band, the Bollinger Bands also expanded, though not significantly. For now, the Bollinger Bands is showing a positive signal for the KLCI.

Volume:

As indicated by B, total market volume were gaining gradually, while marginally above the 40-day volume moving average. This suggests some improvement in the market participation. Technically, if volume should stay above the 40-day volume moving average, the market sentiment as a whole is likely to improve.

MACD:

With the strong rebound of the KLCI, the MACD histogram continues to tick up, while the Rounding Bottom signal is still in sight. Meanwhile, the MACD line is also breaking above the zero level, thus bringing more positive signal to the KLCI.

WinChart RSI:

The WinChart RSI is picking up some strength, though not yet breaking above 70%. Technically, if the WinChart RSI should break above 70%, it would be a signal suggesting a mid term bullish strength for the KLCI.

Stochastic:

After breaking above 70% on Wednesday, the Stochastic stayed above 70%, which is the short term bullish territory. This suggests that the short term movement of the KLCI is positive.

In Conclusion:

With the KLCI above the 14, 21, 31 EMA, the technical outlook for the KLCI is positive. However, the KLCI has not returned to its uptrend yet, not until a valid break out above 1500.

每周技术分析 02/12/2011

富时综合指数上周以1437.77点开市，全周最高水平为1502.53点，最低则是1489.02点。综指上周以1489.02点闭市，按周上扬57.47点或4.01%，全周总成交量为62亿983万6600股，按周减少14.63%。

主要指标－图形

综指上周回弹后精确的在200天移动平均线（Moving Average）遇阻，这也是1500点的心理阻力关口（参考箭头A），所以阻力倍增，这意味着综指接下来的阻力水平维持在1500点以及200天MA，支持水平则是1453.81点的费氏线。

布林频带

综指上周上扬突破布林中频带（Bollinger Middle Band），这使到综指的走势避开继续下跌，综指随即出现转强的趋势，接下来若布林频带（Bollinger Band）开始打开，而综指又能继续保持在布林中频带以上，综指将有望形成上扬的趋势。

技术指标

成交量

如图中箭头B所示，马股的成交量上周达到40天的成交量移动平均线（VMA），这表示马股市场相当活跃，增加市场的承接力量，这对综指接下来转强有利。

平均乖离

平均乖离（MACD）的振荡指标（Histogram）上周开始上扬，形成一个圆底的形状，这表示综指的短期走势开始转向上扬，直到振荡指标形成相对的圆顶为止。

胜图强弱指标

胜图强弱指标（WinChart RSI）继续回弹，并且上扬突破50%的水平，这显示综指的中期走势从弱势转为中和偏强。

随机指标

随机指标（Stochastic）上周上扬突破30%的水平，这显示综指的短期走势进入上扬的格局，直到随机指标跌破70%为止。

总结

综指上周上扬突破布林中频带以及14、21、31天加权移动平均线（EMA），所以综指有望转强，无论如何，综指在上扬后在200天MA遇阻，这是综指长期走势一道重要的阻力线，若综指仍然未能突破200天，综指的后市仍然看低一线，换句话说，若综指接下来能上扬突破200天MA，综指后市则有望进一步走高。

祝你好运