DRB-Hicom shares should rise to RM2.18 (76.4%FR), matching the upper
Bollinger band, pending breakout to challenge RM2.40 and RM2.50, the
7/4/11 high, while immediate support at RM1.99 (61.8%FR) is reinforced
by the 50-day ma.
Thursday, November 3, 2011
Wednesday, November 2, 2011
Technical Analysis : FBMKLCI 02/11/2011 综合指数 2011年 11月 02日
As indicated by A, the KLCI had its intraday low reaching 1457.50 points, but it was supported by both the 1453 Fibonacci Retracement Line, as well as the 14, 21, 31 EMA dynamic support, and regain most of the early losses, to close at 1470.95 points, downed 4.69 points or 0.32%. For now, the 14, 21, 31 EMA and the 1453 are still the support for the KLCI while the resistance remains unchanged at 1487.
As indicated by B, total market volume increased 31.13%, with volume above the 40-day volume moving average. Generally, market is still well-participated, and technically, if volume should remain above the 40-day volume moving average, the market sentiment as a whole is still positive.
As indicated by C, the Stochastic remains above 70%, in the short term bullish territory. Therefore, this suggests that the short term movement of the KLCI is still positive.
In short, the short term uptrend of the KLCI is still intact. In fact, if the KLCI could rebound from the 14, 21, 31 EMA, it would be forming higher-lows, which suggests that the technical outlook is still positive. However, performance of the US and European markets has a major impact to the sustainability of the KLCI short term uptrend.
如图中箭头A所示，富时大马综合指数（综指）周三一度下滑至1457.50点的全日最低，惟在14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）动态支持线及靠近1453点费氏支持线获得了扶持，才把全日跌幅18.14点减至4.69点。综指当前支持水平保持在1453点及14、21、31天EMA，阻力水平仍然是1487点的费氏线。
如图中箭头B所示，马股总成交量增加31.13%，因此成交量还是维持在40天的成交量平均线（VMA）以上。这表示马股当前的交投还是属于活跃的，而一般来说，只要成交量能维持在40天的成交量平均线以上，那将有利于马股维持当前的短期涨势。
如图中箭头C所示，随机指标（Stochastic）依然处于70%水平以上的短期强势区域里，这表示综指短期的走势目前还是偏强的。
总的来说，综指短期涨势依然是完整的。接下来若综指能在14、21、31天EMA动态支持线以上反弹的话，那便是形成较高低（Higher-lows）的特征。不过，至于综指短期涨势能否延续下去而逐步演变成中期的涨势，那就要看欧美股市接下来的表现了。
祝你好运
Random Stock Pick >>> TENAGA 5347
Tenaga shares should correct towards RM5.44 (23.6%FR) or RM5.17, with the RM4.89 low of
26/9/11 as the core support platform. Resistance is seen at RM6.05 (50%FR).
DISCLAIMERThe information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.
GOODLUCK2ALL
Tuesday, November 1, 2011
Technical Analysis : 综合指数 2011年 11月 01日 FBMKLCI 01/11/2011
如图中箭头A所示，富时大马综合指数（综指）一度上扬至1485.90点的全日最高，惟在1487.62点的费氏阻力线遇阻后下跌，按日下挫16.25点或1.09%，以1475.64点挂收。综指当前支持水平仍然是1453点的费氏线及14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态支持线。
如图中箭头B所示，马股总成交量周二减少10.4%，不过还是勉强的处于40天的成交量平均线（VMA）以上。接下来若成交量继续下跌并跌破40天的成交量平均线的话，那表示马股的交投再次回到淡静的格局。
如图中箭头C所示，随机指标（Stochastic）在周二下跌，不过却还未跌破70%水平。这表示综指短期的走势还是偏强的，直到随机指标失守70%水平为止。当随机指标跌破70%水平时，除了表示综指短期偏强走势告一段落以外，也表示短期技术调整的开始。
总的来说，综指虽然回跌超过16点，但是短期涨势依然是完整的。以技术而言，只要综指能继续获得14、21、31天EMA动态支持线的扶持，那当前的技术展望将还是偏强的。相反地，若综指失守14、21、31天EMA的话，那表示综指短期的涨势也将受到了破坏。
As indicated by A, the KLCI had its intraday high reaching 1485.90 points, but it was still resisted by 1487.62 Fibonacci Retracement line, and ended 16.25 points or 1.09% lower to close at 1475.64 points. Support for the KLCI remains at 1453 as well as the 14, 21, 31 EMA dynamic support.
As indicated by B, total market volume fell 10.4%, while still above to stay above the 40-day volume moving average. If volume should continue to fall and failed to stay above the 40-day volume moving average, it suggests that the market participation would then back to quiet, and the market sentiment would likely be affected too.
As indicated by C, the Stochastic fell on Tuesday, but still able to hold up above 70%, in the short term bullish territory. This suggests that the market movement for the short term is still positive. If the Stochastic should break below 70%, it would mark an end to the short term bullish movement, while also indicates a beginning of a technical correction.
In conclusion, despite losing over 16 points, the short term uptrend of the KLCI is still intact. Technically, provided that the KLCI could stay above the 14, 21, 31 EMA dynamic support, the technical outlook for the KLCI is still positive.
HAPPY TRADING & GOODLUCK2ALL
Random Stock Pick >>> PERDANA PETROLEUM (7108)
For Perdana Petroleum shares, a decisive breakout above 72sen (23.6%FR), matching the upper Bollinger band, could fuel further upside towards 83sen (38.2%FR) and 92sen (50%FR), with RM1.00 (61.8%FR) as stronger resistance ahead of profit‐taking correction. Support is also seen at the 50‐day ma (67sen).
DISCLAIMERThe information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.
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