ZLBT Chats

Saturday, August 11, 2012

Technical Analysis : FBMKLCI 10/08/2012 / 富时大马综合指数 2012-08-10

FBM KLCI 10 Aug 2012
As indicated by A, the FBM KLCI gained 2.84 points, closing at 1645.36 points, and it seems like the KLCI is heading to the 1647.94 all time high resistance. The 14, 21, 31 EMA is still serving as the dynamic support to the KLCI.

As indicated by B, total market volume increased 38.96%, with volume returning to above the 40-day Volume Moving Average. However, this is not an ideal volume for a bullish breakout signal yet.

As indicated by C, the MACD histogram is still rising, and its suggests that the KLCI short-term is still picking up its strength. The improvement is expected to carry on until the MACD histogram forms a Rounding Top.

In conclusion, the technical outlook for the KLCI remains positive. If the KLCI should break above 1647.94, it would be making a historical new high. If at the breakout, market volume should continue to increase, the KLCI is likely to extend its uptrend.

富时大马综合指数 2012-08-10


如图中C圈所示,平均乖离振荡指标(MACD Histogram)继续的上升,这表示综指短期的走势继续在改善中,直到平均乖离振荡指标形成圆顶为止。



No comments:

Post a Comment