ZLBT Chats

Monday, June 25, 2012

Technical Analysis : FBMKLCI 22/06/2012 / 富时大马综合指数 2012-06-22

FBM KLCI 22 June 2012
As indicated by A, the FBM KLCI tested the historical high again on Friday, with its intraday high reaching 1608.65 points. However, at the close, the KLCI was still resisted by the 1609, closing at 1603.07 points, gaining only 1.64 points. The 14, 21, 31 EMA is still serving as the dynamic support to the KLCI.

As indicated by B, total market volume fell 5.97%, but volume remains above the 40-day Volume Moving Average. Technically, if volume should continue to increase while staying above the 40-day Volume Moving Average, the market sentiment in a whole is likely to improve a little.

As circled at C, the MACD histogram stopped rising on Friday, and if it should fall, it means that the KLCI is losing some strength in the short-term, or a signal suggesting consolidation ahead.

In conclusion, the KLCI is still testing the 1609 high, but its immediate technical outlook remains positive, provided that it is above the 14, 21, 31 EMA and the L2 line. Nevertheless, the performance of the regional markets still plays a important role in guiding our market overall performance.

富时大马综合指数 2012-06-22


如图中C圈所示,平均乖离振荡指标(MACD Histogram)停止上扬,有形成圆顶的迹象。若平均乖离振荡指标接下来继续下滑的话,那表示综指短期有再次进入盘整的可能。



No comments:

Post a Comment