Technical Analysis : 综合指数 2010年10月21日/FBMKLCI 21/10/2010

综合指数 2010年 10月 21日
如图中箭头A所示，富时综合指数稍微上扬4.24点，以1491.02点闭市，综指当前的阻力水平仍然是1500点的心理阻力线，支持水平则维持在1480点的费氏线。

如图所示，布林频带（Bollinger Bands）收窄的幅度减少至7%，这表示综指的调整巩固走势有结束的迹象。另一方面，综指目前已处于布林中频带以上了，接下来若布林频带停止收窄，并且开始明显打开的话，那综指将有望恢复上扬的格局，再度上探1500点的阻力水平。

如图中箭头B所示，马股成交量减少4%，不过由于成交量仍然能保持在40天成交量移动平均线（VMA）以上，这表示整体市场交投活跃，这对综指维持在一个转强的格局有着保温的作用。

如图中箭头C所示，随机指标（Stochastic）上扬突破50%的水平，这显示综指的短期走势有转强的迹象，接下来若随机指标能上扬突破70%的水平，综指的短期走势着有望开始上扬的趋势，直到随机指标再度跌破70%为止。

由于综指迅速的返回布林中频带以上，这使到综指有再度恢复上扬趋势的可能，以技术而言，只要综指能继续维持在布林中频带以上，再加上布林频带开始打开，那综指将有望恢复上扬的趋势，上探1500点的阻力甚至更高的水平。

FBM KLCI 21 October 2010
As indicated by A, the KLCI gained 4.24 points, to close at 1491.02 points. Resistance for the KLCI remains at 1500 level while the support stays at 1480 WinChart Automatic Fibonacci Retracement .

Meanwhile, the Bollinger Bands contracted 7%, suggesting that the KLCI is still at its consolidation stage. However, with the KLCI above the Bollinger Middle Band, the immediate technical outlook is gradually improving. If the Bollinger Bands should re-expand with the KLCI staying above the Bollinger Middle Band, the KLCI could have a good chance in testing, or even breaking above 1500.

As indicated by B, total market volume fell 4%, with volume still above the 40-day volume moving average. Generally, this suggests that the overall market sentiment is still on the positive side.

As indicated by C, the Stochastic breaks above 50%, showing some improvement in the short term movement for the KLCI. If the Stochastic could break above 70%, it would be a short term bullish signal for the KLCI.

In conclusion, the uptrend of the KLCI remains intact, and now that the KLCI is gradually regaining its position, the immediate technical outlook is set to improve, and the KLCI is expected to re-test the 1500 level again.

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