FBM KLCI >>> Left with no options other than a breakout

A picture paints a thousand words

The Chart speaks for itself

A breakout (north or south) could dictate the immediate direction for next week 

GOOD LUCK

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14、21、31天EMA的动态支持线。

 

如图中箭头B所示，马股总成交量减少了12.33%，不过成交量还是达到40天的成交量平均线（VMA）的水平。这表示市场的交投还算是活跃的。另一方面，马股周二下跌股项超过升股（292只涨/384只跌），这暗示着周二投资者套利的活动是稍微的偏高。

 

如图中箭头C所示，随机指标（Stochastic）继续维持在70%的水平，这表示综指短期的走势还是维持在强势中，直到随机指标跌破70%水平为止，届时才是短期强势结束的讯号。

 

总的来说，虽然综指周二写下历史收市新高，但是下跌股项却比上升股来得多，同时市场总交易值也比周一的减少了16%，达11亿6632万令吉。这意味着投资者处于谨慎而套利。无论如何，综指目前的技术展望依然维持在正面，同时还是维持在涨势中。

 

祝你好运

 

FKLI Daily Market Commentary >>> FKLI

FKLI Daily Technical Analysis

The FKLI spot month contract expired unchanged but the benchmark index closed solidly higher due to market sentiment lifted from the 2013 Budget announced on Friday. At the close, the FKLI price was unchanged to 1,633.5.

As we can see in the chart above, the FKLI price had tested the resistance line as drawn in the chart but it failed to break above the resistance line. However, we should monitor closely if the price is able to break and closes above the resistance line, it will rise further and the previous high level will be monitored. Otherwise, it will fall back if the price is unable to break above the resistance line.

Referring to the MACD indicator, the MACD line just crosses above the signal line where the positive sentiment may be building up. Meanwhile, MACD histogram just building up in the positive zone. As always, intraday support and resistance levels will be eyed.

Technical indicators:

MACD =  Negative, ADX=Negative

Intraday technical support & resistance for 01 st Oct 2012

1st support 1,628; 2nd support 1,620

1st resistance 1,638-45; 2nd resistance 1,652

 

GOODLUCK2ALL

FKLI closes 15.5 points higher @1633.5 >>> 27 Sept 2012

FKLI Moves Into Premium

Don't Be A Stubborn Trader

As human, we have different personality traits and each can be good or bad to us. As a trader, it is important to have the capability to overcome your ‘bad’ personality traits and don’t let them influence your decisions. One such personality trait is stubbornness.

 

HAPPY TRENDING

FKLI >>> Market Commentary / Technical Outlook 27 Sept 2012

FKLI Daily technical analysis:

The FKLI spot month contract ended slightly higher on Wednesday, which was followed the gain in cash market despite weakening in the external market did not affect much on the price. At the close, the FKLI price was up 1.5 pts or 0.09% to 1,618.

Based on the daily chart, another positive candle was formed on Wednesday where it indicated that mild buying interest remains supported the FKLI price. During the trading session, price had tested again the resistance line but it was unable to break above that resistance line as drawn in the chart. Our review remains unchanged, where the price could be trading in between the range of 1,587- 1,620 level. However, if the price is able to break either way, a new direction may be established.

Referring to the daily MACD indicator, it signals that market sentiment remains negative and the upside potential may be limited. However, the alternative MACD 6,12,6 (Short parameters) tells a different story. Refer to chart below ........

 

As always, intraday support and resistance levels will be eyed.

Technical indicators:

MACD = Negative, ADX=Negative，

Intraday technical support & resistance for 27th Sept 2012:

 1st support 1,607; 2nd support 1,600

 1st resistance 1,620; 2nd resistance 1,628-40

HAPPY TRENDING

WALL STREET : Dow Industrials hit multi-year highs on ECB, jobs.

DJIA Technical Analysis 07 Sept 2012
The Dow closed higher on Thursday and above the 20-day moving average crossing at 13,152 confirming that a short-term low has been posted.

The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term.

If the Dow extends today's rally, August's high crossing at 12,330 is the next upside target.

Closes below the June-July uptrend line crossing near 12,955 would confirm that a short-term top has been posted.

First resistance is August's high crossing at 13,330.
Second resistance is May's high crossing at 13,338.
First support is Tuesday's low crossing at 12,977.
Second support is the June-July uptrend line crossing near 12,955.

The Dow Jones Industrial Average DJIA +1.87%  surged 244.52 points, or 1.9%, to close at 13,292.00, its highest close since Dec. 28, 2007 while the S&P 500 logged its highest close since January 2008 and the Nasdaq notched its best level since November 2000. All three had their best day on a point and percentage basis since late June. 

HAPPY TRADING

Technical Analysis : FBMKLCI 05/09/2012 - 富时大马综合指数 2012-09-05

FBM KLCI 05 Sept 2012

As indicated by A, the FBM KLCI remains resisted by the 1655 resistance, losing 13.10 points or 0.79% to close at 1641.01 points. The KLCI is testing the 14, 21, 31 EMA dynamic support, and if the KLCI should break below the dynamic support, the current uptrend would be temporary interrupted.

 

As indicated by B, total market volume increased 1.39%, with volume above the 40-day Volume Moving Average. This suggests that the market is still actively participated. However, since the score board is recording 669 losers over 156 gainers, selling pressure is still strong as investors are actively taking profits.

 

As circled at C, the MACD histogram failed to sustain its Rounding Bottom formation. Meanwhile, the MACD line is gradually falling, while still above the zero level. Therefore, this suggests that the medium to long term movement of the KLCI is still on the positive side.

 

In conclusion, since before Hari Raya Puasa holiday, profit taking has been active, and on Wednesday, the profit taking is even more obvious. For now, the KLCI is unable to extend its uptrend, and if the KLCI should break below the 14, 21, 31 EMA, the uptrend could temporary come to an end. But even so, it does not mean that the KLCI would immediate reverse to a downtrend. In fact, the KLCI could still consolidate further, unless the KLCI should form Lower-highs, which by then, would show some weakness of the KLCI. Nonetheless, next support for the KLCI is at 1625, followed by the 1600 psychological level.

 

富时大马综合指数 2012-09-05

如图中箭头A所示，富时大马综合指数继续在1655点遇阻后按日下跌了13.10点或0.79%，以1641.01挂收。综指目前正试探着14、21、31天EMA的动态支持线。若接下来综指跌破14、21、31天EMA的话，那综指目前的上扬格局将会暂时受到中断。

 

如图中箭头B所示，马股总成交量增加了1.39%，这使得成交量继续维持在40天的成交量平均线（VMA）的水平以上。这表示市场的交投还是属于活跃的。不过，由于周三马股下跌的股项高达669只，而上扬股项只有156只，因此活跃的交投也暗示着投资者强烈的套利活动。

 

如图中C圈所示，平均乖离振荡指标（MACD Histogram）的圆底（Rounding Bottom）图形因综指忽然下跌而受到了破坏。另外，平均乖离线（MACD Line）缓缓下跌，不过还是维持在零轴以上，这表示综指中长期的走势还未出现转弱的讯号。

 

总的来说，从开斋节假期前夕至今，马股的套利气氛都是相当的浓郁，而周三的套利活动更为明显。再配合综指仍然无法突破1655点的阻力水平，马股涨势也暂时未能延续下去。接下来若综指失守14、21、31天EMA动态支持线的话，那目前的涨势将暂时告一段落。不过，涨势受到中断并不表示综指将立即转为跌势，这是因为综指还是能够维持在横摆的盘整格局里，重新的酝酿趋势。除非综指接下来再形成较低峰（Lower-highs）届时才有转弱的迹象。无论如何，综指下一道支持落在1625点，然后就是1600点的重要整数心理水平。

 

HAPPY TRADING

FKLI and FCPO Daily Charts c/w MACD 6,12,6

FKLI Primed To Self Destruct?

2970 GOOD ENOUGH TO HOLD OFF THE BEARS?

ZL is optimistic a rebound is on the cards

 

HAPPY TRADING

FCPO Benchmark Intraday Support / Resistance Chart

CPO Trading Range To Magnify

 

GOODLUCK & HAPPY TRADING

DJIA Technical Analysis 25 July 2012

Right click mouse "Open In New Tab" for bigger image

Bulls' Effort Too Little, Too Late as Dow Retreats 104; Index Suffers Third Straight Triple-Digit Drop
The Dow closed lower for the third day in a row and below the June-July uptrend line crossing near 12,627 amid increased speculation that Greece may miss debt reduction targets.

Additional pressure came from news that United Parcel Service Inc. lowered its profit forecast.

Today's breakout and close below the June-July uptrend line crossing near 12,627 confirms that a trend change is taking place while opening the door for sideways to lower prices into August when a seasonal low is due to be posted. Today's low-range close sets the stage for a steady to lower opening on Wednesday as the door is open for a test of the previous reaction low crossing at 12,492 possibly on Wednesday.

Closes above the 20-day moving average crossing at 12,747 would temper the near-term bearish outlook. Stochastics and the RSI are diverging and are turning bearish signaling that sideways to lower prices are possible near-term.

First resistance is the 20-day moving average crossing at 12,747.

Second resistance is last Thursday's high crossing at 12,977.

First support is today's low crossing at 12,521.

Second support is the reaction low crossing at 12,492.

HAPPY TRENDING

FKLI Tweezers >>> A formidable Resistance

Tweezers Proved It's Resistance Potency Last Friday

MACD 6,12,6 concurred with Dead Cross

The FBM KLCI dropped 6.83 points on Monday but the FKLI almost double that with a 13 points loss. This is due to the premium/discount factor in index futures trading albeit with a little exuberance from the bears. Given the opportunity, the bears may further aggrevate the selling by pressuring the FKLI into deeper discount.

Buyers >>> buckle your safety belt :P

HAPPY TRENDING

FKLI >>> The Bearish Engulfer With Support And Resistance

Support Seen @ 1581.50

With Another Floor @ 1572.00

(To ENLARGE chart >>> right click mouse >>> "Open In New Tab")

HAPPY TRADING