Technical Analysis : 富时大马综合指数 2012-02-27 FBMKLCI 27 Feb 2012

富时大马综合指数
2012-02-27

如图所示，富时大马综合指数一度上扬至1565.87点的全日最高（一度上扬7.1点），惟套投资者继续套利的缘故，使得综指未能继续上扬，按日只能微扬0.27点一1559.04点挂收。不过，如图中箭头A所示，14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）依然是综指当前的动态支持线。综指阻力维持在1567点及1600点的心理阻力水平.

如图中箭头B所示，马股总成交量3.12%，而成交量也未能达到40天的成交量平均线（VMA）的水平。这表示马股当前的交投未能达到“足够”的水平。无论如何，由于综指继续处于盘整格局，因此成交量偏低也是正常的。

如图中箭头C所示，随机指标（Stochastic）继续在50%水平左右徘徊，这表示综指短期还是处于横摆的盘整格局中，暂时未有明确的方向。

一般来说，当指数或个股处于横摆盘整格局时若成交量减少的话，表示市场未有强大的卖压，可以说是一个健康的盘整。当然，涨势能否持续下去，关键仍然在于综指能否继续获得动态支持线的扶持。无论如何，综指目前还是未有任何转弱的特征, 因此技术
望仍然保持正面。 

FBM KLCI 
27 Feb 2012 
As shown on the chart above, the FBMKLCI had its intraday reaching 1567.87 points, gaining up to 7.1 points. But at the end, the KLCI only managed to close 0.27 of a point higher at 1559.04 points. As indicated by A, the 14, 21, 31 EMA is still the dynamic support to the KLCI while the resistance stays at 1567 followed by 1600.

As indicated by B, total market volume fell 3.12%, with volume now below the 40-day Volume Moving Average. Generally, with volume below the 40-day Volume Moving Average, it suggests that the market participation is relatively quiet.

As indicated by C, the Stochastic stays around 50%, in the short-term neutral region. This suggests that the KLCI short-term is consolidating in a sideways manner.

In conclusion, when an index or an individual counter is consolidating with lower volume, it is generally suggesting a healthy consolidation, for the selling pressure is not extreme. Nevertheless, the important factor to whether the KLCI could sustain its uptrend is still at the dynamic support. For now, we don't see any reversal signs, and therefore, the technical outlook for the KLCI remains positive.

HAPPY TRENDING