Technical Analysis : 综合指数 2012-01-16 / FBMKLCI 2012-01-16

综合指数 2012-01-16
随着上周五美国股市出现回调，富时大马综合指数（综指）周一下挫14.01点或0.92%，以1509.06点挂收。如图中箭头A所示，综指目前正要试探14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态支持线及L1上升趋势线。综指阻力水平维持在1530点。

如图中箭头B所示，马股总成交量周一减少18.71%，因此成交量未能达到40天的成交量平均线（VMA）的水平。换句话说，若成交量继续处于40天的成交量平均线以下的话，那表示马股整体上的交投还是属于淡静的。

如图中箭头C所示，随机指标（Stochastic）周一跌破了70%及50%的水平，这表示综指短期强势的讯号暂时已告一段落。如今正在试探30%水平，若随机指标接下来跌破30%水平，那便是综指短期进入弱势的讯号。

总的来说，综指出现技术调整，但是由于继续获得14、21、31天动态支持线及L1线的扶持，所以涨势还是完整的。若综指接下来跌破14、21、31天EMA或L1线的话，那涨势将会受到破坏，但并不表示综指将立即转为跌势。

Composite Index 2012-01-16

Due to the last Friday's losses of the US market, the KLCI retreated 14.01 points or 0.92% on Monday, closing at 1509.06 points. As indicated by A, the KLCI is now testing the 14, 21, 31 EMA dynamic support as well as the L1 uptrend line.

As indicated by B, total market volume fell 18.71%, with volume below the 40-day volume moving average. This suggests that the market is relatively quiet.

As indicated by C, the Stochastic fell below 70% and 50% on Monday, which marks an end to the short term bullish movement. The Stochastic is now testing 30%, and if the Stochastic should break below 30%, it would be entering a short term bearish territory.

In conclusion, despite the retreat on Monday, the uptrend of the KLCI remains intact,as long as the KLCI could stay above the 14, 21, 31 EMA. If the KLCI should break below the dynamic support, the uptrend could be violated, but it does not necessary mean an immediate bearish reversal.

HAPPY TRADING 

Technical Analysis : 综合指数 2012年 01月 11日 / FBMKLCI 11/01/2012

综合指数 2012年 01月 11日
 富时大马综合指数（综指）周三继续在窄幅中波动，按日微扬0.3点以1522.29点挂收。如图中箭头A所示，综指依然获得14、21、31天EMA动态支持线及L1上升趋势线的扶持，这表示综指目前还是处于涨势中。综指阻力水平保持在1530点的水平。

如图中箭头B所示，马股总成交量增加2.82%，因此成交量保持在40天的成交量平均线（VMA）以上。这表示马股当前整体上的交投还是活跃起来。可是美中不足的是，活跃的股项大多数仍然是低价股及凭单，而这未必能真正的反映出有新资金的流入，或投资者已对马股恢复信心。无论如何，若马股总成交量能继续维持在40天的成交量平均线以上，那将有利于综指或马股维持在涨势中。

如图中C圈所示，随机指标（Stochastic）继续处于70%水平的短期强势区域里，这表示综指短期的走势还是偏强的。若随机指标跌破70%水平时，表示短期强势暂时告一段落或综指短期开始技术调整的讯号。

总的来说，综指当前的技术展望仍然处于正面的，而只要综指能继续获得14、21、31天EMA动态支持线的扶持，那涨势将有望持续下去。

FBM KLCI 11 Jan 2012 

The KLCI was trading at narrow range again on Wednesday, closing 0.3 of a point higher at 1522.29 points. As indicated by A, the KLCI remains supported by the 14, 21, 31 EMA dynamic support together with the L1 uptrend line. This suggests that the KLCI uptrend is still intact. Resistance for the KLCI is at 1530.

As indicated by B, total market volume increased 2.82%, with volume above the 40-day volume moving average. This suggests that the market is now relatively well-participated, but however, most of the actively traded counters are still penny stocks and call warrants, and therefore, this might not be able to truly reflect the improvement of market confidence as well as the improvement of capital inflow.

As circled at C, the Stochastic stays above 70%, in the short term bullish territory. This suggests that the short term movement of the KLCI is still positive. If the Stochastic should break below 70%, it would mark an end to this short term bullish movement, and also signal a beginning of a technical correction.

In conclusion, the technical outlook for the KLCI remains positive, as long as it could stay above the rising 14, 21, 31 EMA dynamic support.

祝你好运

Technical Analysis : FBMKLCI 09/12/2011 综合指数 2011年 12月 09日

FBM KLCI 09 December 2011
On Friday, the KLCI gap down, losing 12.79 points or 0.87%, to close at 1460.13 points. As indicated by A, the KLCI broke below the 14, 21, 31 EMA marginally. Support for the KLCI is at 1430 while the resistance remains at 1500 as well as the 200-day MA.

As indicated by B, total market volume fell 20.10%, as investors are staying away from the market amid uncertainties and worries of the Euro zone debt crisis. If volume should remains low, it is actually a sign of a healthy consolidation of the market. Of course, with low volume, the market is less likely to pick up any strength.

As indicated by C, the Stochastic is still falling, breaking below 50%. Generally, if the KLCI were to consolidate in a sideways manner, the Stochastic is expected to fluctuate between 30%~70%.

In conclusion, after being resisted by 1500 as well as the 200-MA, the KLCI enters a consolidation. Despite the KLCI retreat, it has not formed lower-highs, thus not yet showing a downtrend formation. If the KLCI should continue to stay below the EMA 14, 21, 31, then the KLCI short-term technical outlook will be negative.

综合指数 2011年 12月 09日

富时大马综合指数（综指）周五跳空下跌，按日下跌12.79点或0.87%，以1460.13点挂收。如图中箭头A所示，综指稍微跌破了14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态支持线。综指接下来支持水平落在1430点的水平，阻力水平则仍然是1500点及200天的移动平均线。

随着综指继续下调，马股总成交量周五再度减退，减少20.10%。如图中箭头B所示，马股总成交量处于40天的成交量平均线（VMA）以下，这表示马股整体上的交投回到淡静的格局。这表示投资者保持谨慎的态度，同时因对股市缺乏信心，而保持场外观望的态度。一般来说，若综指延续盘整格局的话，那偏低的成交量其实也是很健康的。当然，若成交量继续偏低的话，那马股整体上将难以转强。

如图中箭头C所示，随机指标（Stochastic）在周五继续的下调，并跌破50%水平。以技术而言，若综指维持在横摆的盘整格局的话，那随机指标将会在30%～70%水平之间徘徊。

总的来说，综指自1500点及200天移动平均线遇阻后，进入了盘整格局。虽然综指缓缓下调，但是却还未有形成较低峰（Lower-highs）的特征，这表示综指还未有形成跌势的特征。接下来若综指继续下跌而维持在14、21、31天EMA的话，那综指短期的技术展望将是处于负面的。

 祝你好运