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Monday, May 14, 2012

Technical Analysis : FBMKLCI 15/05/2012 富时大马综合指数 2012-05-14

FBMKLCI 15 May 2012
As indicated by A, the KLCI formed lower-highs on Monday, losing 9.24 points or 0.58% to close at 1575.08 points. Resistance for the KLCI remains at 1600-1609.33 point while the immediate support is at 1566-1570.

As indicated by B, total market volume fell 12.25%, with volume remains below the 40-day Volume Moving Average. This suggests that the market is still quiet, as investors confidence about the local market is still weak.

As indicated by C, the Stochastic fell below 70%, which ended the short-term bullish signal. Also, the Stochastic is now testing 30%, and if the Stochastic should break below 30%, it would be entering the short-term bearish territory.

In conclusion, the KLCI has formed lower-highs, and if the KLCI should also break below 1566-1570 support, it would have presented the characteristic of a reversal, and a downtrend formation. Also, it would be forming a Head and Shoulders Top reversal pattern, and if so, the technical outlook for the KLCI would be negative.

富时大马综合指数 2012-05-14



总的来说,综指已有较低峰的特征,若综指接下来再跌破1566-1570点的支持水平,那便有转势的特征,届时综指将有形成跌势的风险。此外,若综指跌破1566-1570点的话,也会形成头肩顶(Head and Shoulders Top)的转势图形,届时综指(或马股整体上)后市将看低一线。


Technical Analysis FBMKLCI 11/05/2012 富时大马综合指数 2012-05-11

富时大马综合指数 2012-05-11




FBMKLCI 11 May 2012
Despite having its daily low touching 1572.95 points, the KLCI managed to close at 1584.32 points, losing only 3.74 points or 0.24% on Friday. Basically, the KLCI is still consolidating in its sideways manner. But, as indicated by A, if the KLCI should begin to fall, it would be forming lower-highs. Support for the KLCI is at 1566 – 1570 while the resistance is at 1600-1609.33 points.

As indicated by B, total market volume fell 20.43% on Friday, with volume below the 40-day Volume Moving Average. In short, the market is still quiet amid the lack of positive factors. Meanwhile, with losers more than double of gainers, it suggests that profit taking is still dominating on Friday.

As indicated by C, the Stochastic stays above 70%, suggesting that there is still no sign of any short-term weakness. Nevertheless, if the Stochastic should break below 30%, it would be a signal suggesting the KLCI entering a short-term bearish movement.

Although still unclear, the KLCI could be forming lower-highs, as illustrated by the dotted line. If the KLCI should start falling and breaks below the 1566-1570 support, it would have fulfilled the characteristic of a downtrend formation.