富时大马综合指数 11062013

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FKLI down 0.79% to 1765 on profit taking

FKLI Daily technical analysis:
 The FKLI spot month contract ended sharply lower on Thursday due to Malaysia GDP released worse than expected which had dampened the market sentiment. At the close, the FKLI price dropped 14 pts or -0.79% to 1,765.

 Based on the daily chart, another long negative candle has been formed on Thursday where it indicated sellers remained aggressive throughout the day. During the trading session, the FKLI price went down to as low as 1,762.5 where it had tested the range support level. On the other hand, we should monitor closely whether the price is able to stay above the level of 1,760. If the price breaks and closes below this level, it may drop further.

 Referring to the MACD histogram, a rounding top is forming up. As always, intraday support and resistance levels will be eyed.
Technical indicators:

 MACD= Positive, ADX= Positive，

Intraday technical support & resistance for 17th May 2013:
 1st support 1,760-55; 2nd support 1,750-40
 1st resistance 1,775-80, 2nd resistance 1,786-96

Technical Analysis : FBM KLCI persist in consolidation mode

FBM KLCI Technical Analysis : The Fibonacci Retracement Support & Resistance

The stubbornly overbought technical momentum and also weakening trend indicators for the benchmark FBM KLCI are suggesting the current uptrend is waning. Hence, we expect further profit-taking consolidation this week until overbought momentum has been neutralized.

Moreover, weak buying momentum last week, as most investors were sidelined ahead of the nomination of candidates for the 13th general elections, suggests that the current subdued trading sentiment could persist up to election day.

As for the index, immediate support will be at the previous 1,699 record high of Jan 2013, matching the rising 10-day moving average and last Tuesday’s low of 1,688. Stronger retracement supports remain at 1,658, representing the 23.6% Fibonacci Retracement (FR) of the 1,526 low of May 2012 to the 1,699 record high of Jan 2013, and 1,633, the 38.2%FR matching the recent pivot low as strong downside buffer. 

Immediate resistance would be at the intra-day record high of 1,716, while a breakout would target the upper Bollinger band at 1,722, and then 1,740, 123.6% Fibonacci Projection (FP) level.

Technical Analysis : FBMKLCI 07-09-2012 / 富时大马综合指数 2012-09-07

FBM KLCI 07 Sept 2012

After falling sharply on Thurs, the FBM KLCI rebounded on Friday, gaining 6.56 points or 0.41%, to close at 1624.55 points. As indicated by A, the KLCI has not returned above 1625 support level, and also, with the KLCI below the 14, 21, 31 EMA, the immediate technical outlook is slightly on the negative side. Next support for the KLCI is at 1600 psychological level.

 

As indicated by B, total market volume fell 11.71%, with volume failing to reach the 40-day Volume Moving Average. Generally, if volume should continue to stay low, it shows that investors are reluctant to participate while being cautious. Also, without sufficient volume, the KLCI or the market as a whole is less likely to pick up its strength.

 

As indicated by C, the Stochastic rebounded after touching 0%, suggesting a normal pullback effect after the short-term over-sold condition. But if the Stochastic should remain below 30%, it suggests that the short-term movement of the KLCI is still weak.

 

As per mentioned earlier, the sharp fall of the KLCI could be short-lived, and coupled with the short-term over-sold condition, the KLCI having a rebound is only normal. However, since the uptrend has been interrupted, the positive technical outlook of the KLCI has also temporary ended. But it is still too soon to call for any downtrend formation.

 

富时大马综合指数 2012-09-07

如图所示，富时大马综合指数周五出现了反弹，按日回弹6.56点或0.41%，以1624.55点挂收。不然图中箭头A所示，综指还未能重返1625点支持水平以上。此外，综指也处于14、21、31天EMA以下，因此目前的技术展望是偏弱的。综指下一道支持落在1600点的整数心理水平。

 

如图中箭头B所示，马股总成交量减少了11.71%，未能达到40天的成交量平均线（VMA）的水平。这表示市场的交投有回到淡静格局的迹象。若接下来成交量继续减少的话，那表示投资者继续在场外观望。一般来说，若成交量偏低的话，马股通常也难以转强。

 

如图中箭头C所示，随机指标（Stochastic）在达到0%水平后出现了回弹，这表示综指短期处于超卖（Over-sold）现象后的拉回效应的正常反应。不过，接下来若随机指标还是维持在30%水平以下的话，那表示综指短期的走势还是偏弱的。

 

如昨日的分析所提到，综指短期内大幅度下跌后有可能是短暂性的，再加上综指短期处于超卖的现象，因此周五所出现的反弹也是很正常的。不过，由于综指涨势暂时已受到了中断，因此综指之前处于正面的技术展望也暂时将告一段落。至于综指会否就此形成跌势，那仍然有待进一步的确认。

 

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

FKLI Bears Threaten The Alternative Supports

 

FKLI Daily technical analysis:

The FKLI spot month contract closed slightly higher which was in tandem with the gain in FBMKLCI despite regional markets weakened did not affect much on local market sentiment. At the close, the FKLI price was up 3.5 pts or 0.21% to 1,649.

 

From the daily chart, a long positive candle formed with long upper wick where it indicated that price had been pressured when it hit the intraday highest level. As we can see in the chart, price had created a new high which is 1,655, but it was unable to stay above that level. During the trading session, price opened lower but later it managed to bounce up from the intraday lowest level and closed above the uptrend support line. As usual, the uptrend support line will still be monitored and if the price is able to rebound from that level, it may challenge the resistance line again. However, if the price breaks and closes below the uptrend support line, it may fall further.

Referring to the MACD Histogram, it is building up in the negative zone while the MACD indicator do not provide a clear signal as the lines are moving flat. However, we still need to monitor closely the change in MACD line in the coming days. As always, intraday support and resistance levels will be eyed.

Technical indicators:

MACD= Neutral

ADX= Positive

 

Intraday technical support & resistance for 23rd Aug 2012:

1st support 1644-40

2nd support 1633

1st resistance 1656

2nd resistance 1662

 

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.

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Technical Analysis : FBMKLCI 19/12/2011 综合指数 2011年 12月 19日

FBMKLCI 19 Dec 2011
As indicated by A, the FBM KLCI returned to above the 14, 21, 31 EMA, gaining 11.56 points or 0.79% to close at 1477.78 on Monday. The KLCI also formed higher-lows, thus forming the L1 uptrend line and the immediate technical outlook for the KLCI is positive. Resistance for the KLCI is still at 1500 point as well as the 200-day Moving Average.

As indicated by B, despite the KLCI gaining over 10 points, total market volume fell 10.54%, with volume below the 40-day volume moving average, while losers out-numbered winners. This suggests that the KLCI was only lifted by some heavy weighted blue chips, and the improvement is not broad base.

As indicated by C, the Stochastic breaks above 70%, entering the short term bullish territory. If the Stochastic could continue to stay above 70%, the short term movement of the KLCI is expected to be positive.

In conclusion, the KLCI is forming the L1 uptrend line, with its immediate technical outlook turning positive. However, in order to sustain this uptrend, the KLCI must break above its 1500 resistance. If the KLCI could break out above 1500, with strong volume, more upside room for the KLCI is likely.

综合指数 2011年 12月 19日

如图中箭头A所示，富时大马综合指数（综指）周一重返14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）以上，按日上扬11.56点或0.79%，1477.78点挂收。综指同时形成较高底（Higher-lows）的特征，于是形成了L1的上升趋势线。接下来若综指能继续维持在L1线或14、21、31天EMA上，那综指的技术展望将恢复到正面的。综指阻力水平依然是1500点及200天的移动平均线。

如图中箭头B所示，综指虽然周一虽然上扬，但是马股总成交量却减少10.54%，并且处于40天的成交量平均线（VMA）以下,再加上马股周一下跌的股项多过上升股项，这表示综指只是因为一些重量级蓝筹股项的带动而上扬，但是马股整体上的交投并未全面性的增加，这表示投资者对马股的信心还未完整恢复。

如图中箭头C所示，随机指标（Stochastic）周一上扬突破70%水平，进入了短期强势区域里。接下来若随机指标能继续维持在70%水平以上，那综指短期的走势将会是偏强的。

总的来说，虽然综指周一上扬超过10点，并形成L1的上升趋势线，不过综指能否延续上扬格局，仍然要看综指接下来能否突破1500点的大关。无论如何，综指当前的技术展望是处于正面的，若综指能突破1500点阻力水平，再配合马股总成交量明显增加并保持在40天的成交量平均线以上的话，那综指届时后市将有望看高一线。

祝你好运

Technical Analysis : 综合指数 2011年07月22日 / FBMKLCI 22/07/2011

综合指数 2011年 07月 22日

如图中箭头A所示，富时大马综合指数（综指）周五虽然开高，但是却未能上扬突破L1线，而同时在14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）遇阻，按日微跌0.75点。综指当前的阻力水平依然是1600点的心理水平，支持水平则是1551点的费氏线。

如图中箭头B所示，马股总成交量周五虽然减少2.8%，但是依然能维持在40天的成交量平均线以上，这表示马股当前的交投是稍微活跃起来了，而一般来说，若马股总成交量能维持在40天的成交量平均线以上的话，那将有助于马股整体上转强。

如图中箭头C所示，随机指标（Stochastic）还未能突破30%水平，因此暂时未能摆脱短期弱势的区域里。同时，这表示者创业板短期的走势还是偏弱的。

总得来说，综指短期虽然是偏弱，但是却还未形成跌势，直到综指形成较低高峰（Lower-High）的特征为止，届时综指才会有转弱的先兆。无论如何，如今成交量稍微增加，再加上区域股市纷纷反弹，这将有望带动改善马股的投资气氛，对个股的表现有利。

祝你好运