Technical Analysis : FBMKLCI 31/01/2012 综合指数 2012-01-31

FBM KLCI 31 Jan 2012

The KLCI had its intra-day low reaching 1509.49 points, but started to rebound after the session break, ended 7.74 points or 0.51% high to close at 1521.29 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI while the resistance remains unchanged at 1530.

As indicated by B, total market volume fell 22.74%, with volume still above the 40-day volume moving average. This suggests that the market is relatively active, and if volume should continue to stay above the 40-day volume moving average, while the KLCI is still supported by the 14, 21, 31 EMA, the market sentiment overall is likely to remain positive.

As indicated by C, the Stochastic rebounded on Tuesday, leaving the short term bearish region. At the moment, the Stochastic %K is at 66.07%, which is the neutral region, with some positive bias. If the Stochastic could break above 70%, it would be entering the short term bullish territory.

In conclusion, the technical outlook remains positive for the KLCI but since the KLCI is still capped under the 1530 resistance, the upside room is still limited. In short, the KLCI is consolidating in a sideways manner while its uptrend is still intact. For now, no sign of bearish reversal yet.

综合指数 2012-01-31 

富时大马综合指数（综指）周二一度下跌至1509.49点的全日最低，惟在午盘后开始回弹，最后并以1521.29点挂收，按日上扬7.74点或0.51%。如图中箭头A所示，综指依然获得14、21、31天EMA动态支持线的扶持，因此当前的技术展望仍然处于正面。综指阻力水平保持在1530点。

如图中箭头B所示，马股总成交量周二减少22.74%，但是依然处于40天的成交量平均线（VMA）以上。这表示马股当前的交投还是属于活跃的。若接下来成交量能维持在40天的成交量平均线以上，再配合综指继续获得14、21、31天EMA的扶持，那综指涨势有望维持下去。

如图中箭头C所示，随机指标（Stochastic）周二反弹，避开了短期弱势格局。目前的随机指标处于66.07%的水平，是综指短期中和的区域。接下来若随机指标能再次上扬突破70%水平，那综指有望重返短期强势格局。

总的来说，综指继续获得14、21、31天EMA动态支持线的扶持，因此当前的技术展望还是处于正面的。不过综指始终未能突破1530点的水平，因此上扬空间还是有限。简单来说，综指当前处于涨势中的横摆盘整格局，暂时未有转弱的迹象。 

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