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Wednesday, October 31, 2012

Technical Analysis : FBM KLCI 2012-10-30 / 富时大马综合指数 2012-10-30

FBM KLCI 30 Oct 2012
As indicated by A, the KLCI successfully stayed above 1668 on Tuesday, gaining 2.11 points to close at 1674.67 points. The temporary resistance for the KLCI remains at 1679 ~ 1680 level, while the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI.
As indicated by B, total market volume fell 12.33%, but volume stays above its 40-day Volume Moving Average. This shows that the overall market is still actively participated, relatively. Meanwhile, losers outnumbered gainers with 292 gaining while 384 losing. This implies that profit taking is slightly strong on Tuesday.
As indicated by C, the Stochastic stays above 70%, thus the short-term bullish signal remains intact, suggesting that the short-term movement of the KLCI is still positive.
In conclusion, despite the KLCI closing at yet another historical closing high, stronger profit takings is still dominant with numbers of losing stocks more than rising stocks. Also, the turnover value fell 16%, with RM 1,166 millions, this suggests that investors are generally being cautious while locking in some of their profits. Nevertheless, the immediate technical outlook of the KLCI remains positive, as the uptrend is still intact.
富时大马综合指数 2012-10-30
如图中箭头A所示,富时大马综合指数站稳在1668点以上,周二上扬2.11点以1674.67点挂收。综指暂时的阻力落在1679  1680 点的水平,支持水平还是142131EMA的动态支持线。

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