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Friday, March 9, 2012

Technical Analysis : FBMKLCI 09 Mar 2012 富时大马综合指数 2012-03-09

FBM KLCI 09 Mar 2012

The KLCI was trading in a narrow range on Friday, gaining 0.64 points to close at 1579 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI and the resistance stays at 1597.08 or 1600 mark.

As indicated by B, total market volume fell 26.15%, with volume below the 40-day Volume Moving Average. Market overall is still quiet, as investors are taking caution amid the key index is approaching its historical high.

As indicated by C, the Stochastic stays below 70%, thus not yet giving any short-term bullish signal. If the Stochastic should stay around 50%, the KLCI is likely to consolidate in a sideways manner.

In conclusion, the KLCI stays above the 14, 21, 31 EMA as well as the uptrend line, thus the uptrend is still intact. But still, due to the lower market participation, the sustainability of the uptrend is doubtful. If the KLCI should form higher-lows, and resume its uptrend, a significant increased of volume is needed to confirm such move.

富时大马综合指数  2012-03-09
富时大马综合指数周五在窄幅中波动,按日微扬0.64点以1579点挂收。如图中箭头A所示,142131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,而综指阻力保持在1597.08点或1600点的心理整数水平。

如图中箭头B所示,马股总成交量周五减少了26.15%,成交量还未能达到40天的成交量平均线(VMA)的水平。这表示马股整体上的交投还是很淡静,同时暗示了投资者对马股缺乏信心,谨慎的保持在场外观望。

如图中箭头C所示,随机指标(Stochastic)还未能上扬突破70%水平,因此还未发出短期强势的讯号。以技术而言,随机指标若继续在50%水平左右徘徊,那综指短期将会处于横摆的盘整格局。

总的来说,综指依然获得142131EMA及上升趋势线的扶持,因此涨势还是完整的。不过,由于成交量偏低,因此综指涨势美中不足。无论如何,若接下来综指形成较高底而恢复上扬趋势的话,就必须获得成交量增加并上扬突破40天的成交量平均线(VMA)水平的确认。

祝你好运  

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