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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
如图中箭头A所示,富时大马综合指数周一形成了较低峰(Lower-highs),按日下跌9.24点或0.58%,以1575.08点挂收。综指阻力维持在1600-1609.33点,支持则是1566-1570点的水平。

如图中箭头B所示,马股总成交量周一减少12.25%,而继续处于40天的成交量平均线(VMA)的水平以下。这表示马股整体上的交投还是属于淡静的,同时也暗示着投资者对马股信心还是不强。

如图中箭头C所示,随机指标(Stochastic)跌破了70%水平,这表示综指短期强势的讯号暂时告一段落。此外,随机指标目前正试探30%水平的水平。若随机指标跌破30%水平,那便是进入短期弱势区域的讯号。

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。

祝你好运

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