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Thursday, December 15, 2011

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

综合指数 2011年 12 15




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.


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