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

 

 

 

 

 

 

 

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