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Tuesday, April 5, 2011

TECHNICAL ANALYSIS : 综合指数 2011年04月05日 / FBMKLCI 05/04/2011

综合指数 2011年 04月 05日
如图中箭头A所示,富时大马综合指数(综指)周二下调2.41点或0.15%,以1553.07点挂收。综指当前出现短期过热后的拉回效应(Pullback Effect),但是整体上并未出现任何转弱的讯号。综指阻力水平依然是1577点的费氏线,支持水平除了是1538点的费氏线就是14、21、31天综合加权移动平均线(Exponential Moving Average – EMA)的动态阻力线.

如图中箭头B所示,马股总成交量稍微减少5.55%,不过却依然能够维持在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。以技术而言,只要成交量能够维持在40天的VMA以上,那马股整体上正在缓缓改善的投资情绪将有望保温。

综指短期处于过热后出现了拉回效应,但是如图中箭头C所示,随机指标(Stochastic)却还未跌破70%水平,这表示综指短期走势还未出现转弱的讯号。要是随机指标能继续维持在70%水平以上,那表示综指短期的走势还是属于强势中。

总的来说,综指当前出现的拉回效应是很健康的,只要接下来综指还是能获得14、21、31天EMA动态支持线扶持的话,那综指将有望形成较高底,届时综指有望恢复涨势。

FBM KLCI 05 April 2011
As indicated by A, the KLCI started its pullback effect on Tuesday, after the short term over-heated condition. The KLCI loss 2.41 points or 0.15%, to close at 1553.07 points. Despite the pullback effect, the technical outlook for the KLCI is still on the positive side, with the 14, 21, 31 EMA still serving as the dynamic support, other than the 1538 WinChart Automatic Fibonacci Retracement; while the resistance is at 1577 WinChart Automatic Fibonacci Retracement.

As indicated by B, total market volume fell 5.55%, but still able to hold up above the 40-day Volume Moving Average. This suggests that the overall market is still actively participated, thus the gradually improving market sentiment is likely to be sustainable.

As indicated by C, the Stochastic is still falling, but still above 70%. This shows that the short term bullish signal for the KLCI remains intact, despite the pullback effect.

In conclusion, the pullback effect of the KLCI is healthy, and as long as the KLCI should remains supported by the 14, 21, 31 EMA, there is still a chance to form a higher-low, which is an early sign of an uptrend formation.
HAPPY TRADING

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