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14、21、31天EMA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14、21、31天EMA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

Technical Analysis : FBMKLCI 30-08-2012 / 富时大马综合指数 2012-08-30

FBMKLCI 30 August 2012

On Thursday, the FBMKLCI was mostly traded in a narrow range, with the exception of a rally after 4pm, which pushed the FBMKLCI up to 1650.85 points. However, at the close, the FBMKLCI only managed to secure a gain of 0.53 of a point, closing at 1646.11 points. Resistance for the FBMKLCI remains at 1655 while the support is the 14, 21, 31 EMA, as indicated by A.

 

As indicated by B, total market volume increased 8.9%, with volume above the 40-day Volume Moving Average. But due to the strong profit taking activities, losers outnumbered gainers by 453 to 280, the higher volume may actually imply stronger selling pressure.

 

As indicated by C, the MACD histogram is still falling, suggesting that the short-term movement of the FBMKLCI is still losing strength. The weakening short-term movement is expected to continue until the MACD histogram should form a Rounding Bottom.

 

In conclusion, the FBMKLCI is still consolidating, while testing its dynamic support of the 14, 21, 31 EMA. Technically, the uptrend is still intact, but if profit is still strong, it would have a negative impact to the sustainability of the uptrend.

 

富时大马综合指数 2012-08-30

富时大马综合指数周四都在窄幅中波动，惟在下午四时后一度上扬至1650.85点的全日最高。不过，综指最后还是只能以1646.11点挂收，按日微扬0.53点。综指阻力依然是1655点的水平。支持水平则是如图中箭头A所示的14、21、31天EMA动态支持线。

 

如图中箭头B所示，马股总成交量周四增加8.94%，而成交量也继续维持在40天的成交量平均线（VMA）的水平以上。不过，由于马股套利活动非常的活跃，全日下跌股项远远超过上升股项（453跌/280涨），因此成交量的增加也反映出投资者踊跃套利的活动。

 

如图中C圈所示，平均乖离振荡指标（MACD Histogram）继续的下滑，这表示综指短期的走势还是稍微偏弱的，直到平均乖离振荡指标形成圆底（Rounding Bottom）为止。

 

总的来说，综指继续在盘整格局中，同时试探14、21、31天EMA的动态支持线。以技术而言，综指涨势虽然还未受到破坏，但是市场的套利活动还是相当的活跃。若套利活动继续偏高的话，那将会对马股维持在涨势带来威胁。

 

祝你好运

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

如图中箭头A所示，富时大马综合指数周五上扬2.84点以1645.36点挂收，正要迈向1647.94点的历史高峰阻力。图中所示的14、21、31天EMA继续为综指上扬的动态支持线。

如图中箭头B所示，马股总成交量周五增加了38.96%，重返40天的成交量平均线（VMA）以上。但是，成交量止损刚刚达到这水平，并未明显的增加。无论如何，若综指突破阻力时能配合成交量再增加的话，届时才算是理想的讯号。

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。

总的来说，综指目前的技术展望继续维持在正面。接下来若综指能上扬突破1647.94点的话，那将会创下历史新高。若能配合成交量明显的增加，那综指有望延续上升的趋势，后市看高一线。

祝你好运