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Wednesday, December 7, 2011

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 07
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142131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142131EMA以外就是1430点的水平。




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       


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