Technical Analysis : FBMKLCI 10/11/2011 综合指数 2011年 11月 10日

FBM KLCI 10 Nov 2011
On Thursday, the KLCI fell 16.99 points or 1.14% to close at 1472.65 points, due to the overnight severe loss of the US markets. As indicated by A, the KLCI is still staying above the 14, 21, 31 EMA dynamic support, thus suggesting that the short term uptrend is still intact. Resistance for the KLCI remains at 1487 while the support is at 1453, other than the 14, 21, 31 EMA.

As indicated by B, total market volume fell only 1.26%, with volume still high above the 40-day volume moving average. This suggests that the market is still active participated, however, due to the falling of the KLCI on Thursday, the strong volume actually might imply that the selling pressure is high.

As indicated by C, the Stochastic fell below 70%, which is a signal suggesting that the short term bullish signal has ended. Also, it is a signal suggesting a beginning of a technical correction. If the Stochastic should fall below 30%, it would be a short term bearish signal for the KLCI.

In conclusion, the short term uptrend of the KLCI is still intact, and as long as the KLCI is still above the 14, 21, 31 EMA, the technical outlook is still positive.

综合指数 2011年 11月 10日

富时大马综合指数（综指）周四因隔夜美股大幅度下挫而下跌16.99点或1.14%，以1472.65点挂收。不过如图中箭头A所示，综指依然获得14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）动态支持线的扶持，因此短期涨势的格局还未受到破坏。综指阻力水平目前依然是1487点的费氏线，支持水平除了是14、21、31天EMA以外就是1453点的费氏线。

如图中箭头B所示，马股总成交量周四只减少1.26%，因此依然远远处于40天的成交量平均线（VMA）以上。这表示马股目前的交投还是很活跃的。不过，由于综指周四下跌超过1%，配合成交量继续偏高，这反而暗示着马股周四的卖压是偏强的。

如图中箭头C所示，随机指标（Stochastic）跌破了70%水平，因此综指短期强势的讯号已告一段落，同时也是综指短期技术调整开始的讯号。若随机指标跌破30%水平，那便是进入短期弱势区域的讯号。

总的来说，综指短期依然处于涨势中，而只要综指还是获得14、21、31天EMA动态支持线扶持的话，那综指目前的技术展望将继续是偏强的。

祝你好运

Middle Bollinger Rangebound x 30 Stocks 4ur Perusal

*Note: To qualify in this list below, the first sorting criteria is stock price must have just climbed or stayed ABOVE the middle Bollinger Band, followed by a second criteria that trading volume for the day must be significantly strong. This is a good watch list for momentum traders looking for short-term BUY ideas, as they are laggards with good upside potential towards the upper Bollinger band or higher to TAKE PROFIT/SELL. 

Caveat: Some stocks may continue to stay rangebound and trade sideways, hence traders should refer to their respective charts to spot accumulation (volume growth) or breakout patterns.

INTERPRETATION OF TECHNICAL INDICATORS:
Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium term trend is positive if share price stays above the 30-day, and negative if it remains below this average.
14-day RSI: A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30-day SMA should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day SMA is bearish and imply further near-term downside risk.
Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. 

Momentum traders will buy on price breaks above the upper band, and sell when price breaks below the lower band. Alternatively, a sharp move that originates at one band tends to go all the way to the other band, a useful observation when projecting price targets.

DISCLAIMER

The 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.

 

HAPPY TRADING 

A Sharer Not A Trading Guru

Experience Counts 

My trading career spans decades, not years. My trading stories can be boring, exciting and questionable at the same time. I've never pocketed RM10,000 with a single trade ( 1 lot FKLI ), but I have watched few times that slipped away. I have never bet more than I could afford to lose, and my family has never suffered emotional distress or devastating financial losses from my trading. Consequently, any recovery needed from busted trades took minutes, maybe hours, from my life.

I coach a little ( if you can call it that ), and I do some consultancy ( usually on a person2person basis ). I can't tell you how to trade, nor predict what the next hot trade is. I can't even tell you that I have gotten rich from trading. What I can, and will, do for you, though, is give reasoned responses to your questions. I will tell you the truth as I see it, which you might or might not like. Failure to agree is an option here for I will only tell you things I have learned ( through experience ), things that might turn losses into gains and frustration into equanimity. Books and theories are a dime a dozen. 

I relate to the personal side of trading, the side that deals with you as a trader, not you as a decipherer of symbols and patterns. Double fat bottoms, upside-down waving flags, or cups with two handles  may mean the world to you, not me. I am a simple trader with a plan and a piece of software that works. I have no grand trading ambition, nor do I believe trading is a way to vast wealth.

For every Warren Buffet, tens of thousands are licking their wounds, patching up their lives, or simply living out their lives in some measure of desperation.

As well, though, tens of thousands of traders work hard, make a decent go of it, and survive to make another ringgit on another day. These are my people, my traders, my ZLBTians. These traders are the salt of the pits. Traders who actually succeed with their emotions and bank accounts intact form the foundation of anything I will ever tell you. 

My simple goal is to help you help yourself become a successful trader.

Technical Analysis : 综合指数 2011年 11月 04日 FBMKLCI 04/11/2011

综合指数 2011年 11月 04日
 如图中箭头A所示，富时综合指数在1453.81点的费氏线与14、21、31天加权移动平均线（EMA）获得扶持后回弹，综指周五以1477.51点闭市，按日上扬15.14点或1.04%。EMA接下来将是综指的一道重要的动态支持线，只要综指能在EMA以上，综指继续转强上扬的机会高。

另一方面，综指目前仍然处于布林中频带以上，所以综指自10月5日来的上扬讯号仍然完整，直到综指跌破布林中频带为止。

如图中箭头B所示，马股总成交量增加19%，远远的高于40天成交量平均移动线（VMA），这显示马股市场的交投会活跃，承接力量也相应的提高，通常这是对综指继续转强有利。

如图中箭头C所示，随机指标（Stochastic）继续保持在70%以上，所以综指的短期上扬趋势讯号不变，直到随机指标跌破70%为止。

总的来说，综指在稍微下退之后，在支持线上寻获支撑点后回弹，这显示综指继续的形成较高底，这是上扬趋势的典型状态。无论如何，综指目前仍然处于200天移动平均线以下，所以长期走势能否完全转强仍然有待指数的进一步演变。

FBM KLCI 04 Nov 2011

The arrow shown in Figure A, the FBMKLCI will be depending on the EMA 14, 21, 31days (exponential moving average) to obtain support after the rebound on Friday, the KLCI closed on Friday @ 1477.51 points; on a daily basis rose 15.14 points, or 1.04%. The EMA of the KLCI would follow the dynamics of an important support trio of lines, hovering above the EMA, the KLCI rose to claim a stronger opportunity to continue higher.

On the other hand, the KLCI is still at the Bollinger band, so the composite index from October 5 to the rise in the signal remains intact until the KLCI fell below the Bollinger band thus far.

 

The arrow shown in Figure B, trading volume rose 19% of total turnover, far above 40-day volume moving average line (VMA), which show stock market horse trading will be active, to undertake a corresponding increase in strength. Usually the strengthening of the volume should continued to be favorable to the upside of the index.

 

The arrow shown in Figure C, a random index (Stochastic) maintained at 70% or more, so the short-term upward trend in the KLCI signal remains unchanged, until the Stochastic should fell below 70%.

Overall, the KLCI ended lower for the week, although the anchor found the supporting lines for a closing week rebound, indicating the formation of the higher highs of the KLCI to continue this upward trend is typical of the present state of affairs. In any case, the KLCI is still above the 200-day moving average line, so a stronger long-term trend remains intact to enhance the further evolution of the index.

HAPPY TRADING 

Technical Analysis : FBMKLCI 03/11/2011 综合指数 2011年 11月 03日

FBM KLCI 03 Nov 2011
As indicated by A, the FBM KLCI had its intraday low touching 1452.37 points, but the KLCI still managed to find its support at 1453 fibonacci as well as the 14, 21, 31 EMA dynamic support, closing the day at 1462.37 points, fell 8.58 points or 0.58%.

As indicated by B, total market volume increased 12.15%, with volume still highly above the 40-day volume moving average. On one hand, this suggests that the market is still actively participated, and on the other hand, the higher volume which associated with the falling of the KLCI might imply some increased of selling pressure.

As indicated by C, the Stochastic is still falling, but still not yet breaking below 70%, thus the short term bullish signal is still intact. If the Stochastic should fall below 70%, it would also mark a beginning of a short term technical correction.

In conclusion, the short term uptrend of the KLCI is still intact, and if the KLCI should break below the 14, 21, 31 EMA, it might violated the short term uptrend, and the KLCI could consolidate. Nevertheless, resistance for the KLCI remains at 1487 Fibonacci.

 综合指数 2011年 11月 03日

如图中箭头A所示，富时大马综合指数（综指）周四一度下滑至1452.37点的全日最低点，惟精确的在1453点及14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）动态支持线找到扶持，全日以1462.37点挂收，下跌8.58点或0.58%。

如图中箭头B所示，马股总成交量增加12.15%，因此维持在40天的成交量平均线（VMA）以上。虽说成交量能维持在40天的成交量平均线以上，一般上表示马股交投整体上还是属于活跃的，同时有利于维持马股当前正在改善的投资气氛。然而，若综指下跌时成交量放大的话，那也暗示着当日卖压的增加。

如图中箭头C所示，随机指标（Stochastic）周四继续的下滑，不过却还未跌破70%水平。因此综指短期强势讯号至今仍然是有效的。若随机指标跌破70%水平，那也是综指短期技术调整开始的讯号。

总的来说，综指当前的短期涨势仍然是完整的，除非综指接下来失守14、21、31天EMA的动态支持线，那么综指短期涨势将受到破坏，届时将再次进入盘整格局。无论如何，综指阻力水平依然

祝你好运