ZLBT Chats

Monday, September 10, 2012

Technical Analysis : FBMKLCI 10-09-2012 / 富时大马综合指数 2012-09-10

FBM KLCI 10 Sept 2012
As indicated by A, the FBM KLCI had its early gains up to 4.64 points, but due to the strong selling pressure in blue chips, the KLCI was pulled down, thus unable to break above the 1625 level, closing at 1621.04 points, downed 3.51 points. Therefore, the immediate resistance for the KLCI is at 1625 while the 14, 21, 31 EMA is serving as the dynamic resistance. Next support is at 1600 psychological level.
 
As indicated by B, total market volume fell 23.81%, with volume clearly below the 40-day Volume Moving Average. This suggests that the market is quiet, as investors are unwilling to take up new positions. Generally, it is normal to have lower volume when the market in a whole is falling, but of course, without sufficient participation, the market is less likely to pick up its strength.
 
As circled at C, the Stochastic remains below 30%, despite rebounding from 0% last week. This suggests that the short-term movement of the KLCI is negative.
 
In conclusion, after falling below the 14, 21, 31 EMA, the uptrend of the KLCI was temporary interrupted. Although the KLCI pulled back and rebounded a little after its short-term over-sold condition last week, the strong selling pressure is preventing the KLCI from rising further. Nevertheless, we have yet to see the formation of a downtrend.
 
富时大马综合指数 2012-09-10
如图中箭头A所示,富时大马综合指数虽然一度上扬4.64点,惟蓝筹股项继续受到套利的卖压,使得综指未能突破1625点的水平,以1621.04点挂收,按日下跌3.51点。因此,1625点正是综指目前的阻力水平。此外,图中所示的142131EMA也转为综指目前的动态阻力线。综指支持落在1600点的心理整数水平。
 
如图中箭头B所示,马股总成交量减少23.81%,成交量明显的减退,并处于40天的成交量平均线(VMA)以下。以技术而言,当综指(或马股整体上)下跌时成交量出现萎缩是一个很正常的现象。不过,若成交量继续处于偏低的话,那市场一般上也难以转强。另外,周一
 
如图中C圈所示,随机指标(Stochastic)上周跌至0%水平后反弹,不过至今还是未能突破30%的水平。这表示综指短期的走势目前是处于弱势中。
 
总的来说,综指自失守142131EMA后,涨势便受到了破坏。综指上周一度出现短期超卖的现象,而随后出现拉回效应而稍微回弹。但由于蓝筹股项继续受到强大卖压拖累,综指暂时未能转强。无论如何,虽然如此,综指亦还未出现形成跌势的特征。
 
祝你好运

No comments:

Post a Comment