Technical Analysis : FBM KLCI 2012-11-08 / 富时大马综合指数 2012-11-08

FBM KLCI 2012-11-08

Due to the over-night sharp losses of the US markets, plus the Asian markets were also falling, and the KLCI was not exempted. The KLCI had its intra-day low touching 1637.50 points, but at late trading, the KLCI started to rebound, closing at 1641.07 points or a loss of 4.46 points, forming a long lower-shadow candlestick. Generally, this implies that the KLCI is likely to have some rebound.

 

As indicated by B, total market volume fell 17.16%, with volume slightly below the 40-day Volume Moving Average. Generally, when the market overall is falling, lower volume is normal as investors are being cautious while reluctantly taking up new positions.

 

As indicated by C, the Stochastic stays below 30%, thus suggesting that the short-term movement of the KLCI is still weak. If the Stochastic should break above 30%, it would be a signals suggesting a short-term technical rebound for the KLCI.

 

In conclusion, after falling for 5 consecutive days, the KLCI is showing a sign of a possible rebound. Also, many blue chips counters are trading at their short-term over-sold condition, and this could attract some bargain buying interests, thus it may increase the chance of some rebound in the KLCI.

 

富时大马综合指数 2012-11-08

由于隔夜美国股市猛挫，再加上亚太区域股市满盘皆输，综指也难豁免，盘中一度下跌至1637.50点的最低点，惟在最后交易时段回弹，才收复了大部分的失地，综指最后以1641.07点挂收，按日下跌了4.46点。如图中箭头A所示，综指反弹后留下来一条偏长的下影线（Lower-Shadow），这在阴阳烛图分析里通常暗示着有回弹的迹象。

 

如图中箭头B所示，马股总成交量减少了17.16%，这使到成交量稍微处于40天的成交量平均线（VMA）的水平以下。一般来说，当综指（或市场整体上）下跌时，成交量减少是很正常的，这是因为投资者处于谨慎，暂时在场外观望所致。

 

如图中箭头C所示，随机指标（Stochastic）继续处于30%水平以下，这表示综指短期走势还是处于偏弱的格局。接下来若随机指标能上扬突破30% 水平的话，那便是综指短期出现技术反弹的讯号。

 

总的来说，综指连续下跌了整整5日，如今已经呈现了一条偏长的下影线，再加上许多蓝筹股项都出现了短期超卖（Over-sold）的现象，特别是最近下跌最严重的电讯股，这可能会引来一些趁低买入的购兴，同时有助于增加综指出现技术反弹的可能。

 

祝你好运

Technical Analysis : 富时大马综合指数 2012-11-06 / FBM KLCI 2012-11-06

富时大马综合指数 2012-11-06

如图中箭头A所示，综指自周一跌破14、21、31天EMA的动态支持线后，周二盘中一度下跌至1638.18点。虽然综指在昨日午盘开始回弹，但是最终还是在1650点以下挂收，挂1645.63点，按日下跌8.41点或0.51%。

 

如图中箭头B所示，马股总成交量增加了 12.73 %，同时继续保持在40天的成交量平均线（VMA）以上。简单来说，市场交投仍然维持在活跃的水平。另一方面，市场总交易值在周二增加了14.48%，达16亿6000万令吉。这表示活跃交易的并非只是低价股，而仍然有许多蓝筹股项大量易手。这也暗示着市场的卖压还是偏高的。但无论如何，在午盘时，有投资者趁低买入一些蓝筹股项，特别是云顶，这也使得综指收服部分的失地。

 

如图中箭头C所示，随机指标（Stochastic）还是处于30%的水平以下，这表示综指短期还未能摆脱偏弱的格局。直到随机指标成功上扬突破30%水平为止。

 

总的来说，综指虽然跌破了14、21、31天EMA的动态支持线，同时最近的涨势也暂时受到破坏。但综指却还未有形成跌势的特征。综指接下来的支持落在1625点的水平，阻力则保持在1680点的水平。

 

FBM KLCI 2012-11-06

As indicated by A, after breaking below the 14, 21, 31 EMA dynamic support, the KLCI had its intra-day low touching 1638.18 points on Tuesday, before recovering some of its early losses in the afternoon session. However, as the close, the KLCI is still below 1650 at 1645.63 points, losing 8.41 points or 0.51%.

As indicated by B, total market volume increased 12.73%, while still above the 40-day Volume Moving Average. This shows that the market participation is still active.

 

Meanwhile, market turnover increased 14.48%, with 1.66 billion ringgit. This suggests that not only low-priced stocks are actively traded, some of the blue chips were also heavily traded. Although some bargain buying was seen in the afternoon session, particularly in Genting, which helped the KLCI recovered some of its losses, overall market selling pressure is still relatively higher.

 

As indicated by C, the Stochastic is still below 30%, which is the short-term bearish territory. This suggests that the short-term movement of the KLCI is still weak.

 

In conclusion, although the KLCI has broken below the 14, 21, 31 EMA dynamic support, and interrupting its earlier uptrend, it has not yet shown any downtrend formation. Next support for the KLCI is at 1625 while the resistance remains at 1680.

 

GOODLUCK

 

FBMKLCI Technical Analysis : Change In Polarity Principles >>> When Support Turn Resistance

FBMKLCI 02 Nov 2012

Despite the US markets rebounded strongly, and the Asian markets mostly higher, the KLCI started falling right at the start of Friday's trading. Selling were mostly stronger on Friday, especially on Telco, in which Axiata, TM, Digi, contributed most of the losses of the KLCI. At the close, the KLCI fell 19.56 points, a biggest fall since 20^th of September this year, to close at 1656.13 points. As indicated by A, the KLCI fell below 1668, and even below the 31-day EMA dynamic support. Resistance for the KLCI are now at 1668 & 1680.

 

As indicated by B, total market volume fell 19.43%, but still above the 40-day Volume Moving Average. This shows that the market is still actively participated. But with the KLCI falling sharply, together with losers outnumbering gainers, the active trading actually suggests stronger selling activities.

 

As indicated by C, the Stochastic breaks below 70%, 50%, and 30% all at once, reaching down to 0%. This is because the KLCI ended sharply lower, and fluctuate more than its usual movement. Nevertheless, if the Stochastic should stay below 30%, it suggests that the short-term movement of the KLCI is now weakening.

 

In conclusion, the KLCI failed to break its 1680 resistance. Although the KLCI ended sharply lower, this does not necessary means that the KLCI is turning to a downtrend immediately. Technically, the KLCI could just be having its technical correction, as for whether the KLCI would form a downtrend, it would take a little more time, and further validation is required.

 

富时大马综合指数 2012-11-02

尽管美国股市昨日大幅度的回弹还有亚太区域股市普片上扬，富时大马综合指数周五却背道而驰，一开市后便直线的下滑，随后午盘综指因蓝筹股受强大卖压袭击，特别是通讯股，加剧了跌势，最后以1656.13点挂收，下跌19.56点。这也是综指自今年09月20日来最大跌幅的一日。如图中箭头A所示，综指跌破了1668点的水平，目前正试探31-天EMA的动态支持线。综指阻力保持在1680点的水平。

 

如图中箭头B所示，马股总成交量周五减少了19.43%，不过成交量还是处于40天的成交量平均线（VMA）的水平以上。所以市场的交投还是属于活跃的。但由于综指大跌，再加上市场下跌股项超过上升股，因此这活跃的交易也反映出偏强的卖压。

 

如图中箭头C所示，由于综指直线下滑，随机指标（Stochastic）跌破了70%，50%及30%的水平，直接到达0%的水平。这是因为综指周五的跌幅已经超出了综指近日来的寻常幅度。无论如何，接下来若随机指标还是维持在30%水平以下的话，那表示综指短期的走势已进入了偏弱的格局。

 

总的来说，综指未能突破1680点的阻力，却先遭到强大卖压的侵袭。不过，以技术而言，这并不表示综指将就此转为跌势。其实，综指目前也许只是出现比较强烈的技术调整，至于日后会否演变成跌势，那还是需要一些时间来确认。

 

HAPPY TRENDING

Technical Analysis : FBMKLCI 2012-11-01 / 富时大马综合指数 2012-11-01

FBM KLCI 1st Nov 2012

On Thursday, the KLCI had its early gain, but as it was approaching 1680, it attracted profit takings, which pulled the index lower, wiping out its early gains, and the KLCI was trading at red. However, at the trading-at-last session, price of CIMB jumped 5 bids, which lifted the KLCI back to its positive territory, closing at 1675.69 points, with a gain of 2.62 points. As indicated by A, the KLCI is still above its 1668 support as well as the 14, 21, 31 EMA dynamic support, while the temporary resistance is still at 1680 level.

 

As indicated by B, total market volume increased 5.97%, suggesting that the market was indeed active. Actually, if the KLCI was not lifted by heavy weighted blue chips, the increased of volume would be showing a little divergence signal. Nevertheless, overall selling pressure was a little stronger than buying interests.

 

As indicated by C, the Stochastic stays above 70%, in its short-term bullish territory, thus suggesting that the short-term movement of the KLCI is still positive.

 

In conclusion, with the KLCI above 1668, we can't see any weakening signals for now. The only concern would be the slightly higher selling pressure, but on pure technical reading, the technical outlook of the KLCI remains positive.

 

富时大马综合指数 2012-11-01

综指后四在开市后曾一度上扬，但在接近1680点时便引来套利的活动，使得综指顿时回退，甚至盘中陷入下跌的格局，惟在最后交易时段因联昌集团股价连跳5个价位，使得综指重返正直区域，按日上扬2.62点，挂1675.69点。如图中箭头A所示，综指成功的维持在1668点与14、21、31天EMA动态支持线以上。目前的阻力还是落在1680点的水平。

 

如图中箭头B所示，马股总成交量稍微增加了5.97%，市场交投的确活跃。其实，若非综指在最后一刻被重量级蓝筹股项推动的话，周四偏高的成交量就不能与指数上扬汇合，届时便有了背驰的讯号。无论如何，市场目前的卖压还是偏高的。

 

如图中箭头C所示，随机指标（Stochastic）继续维持在70%水平以上的短期强势区域里，暂时未发出任何转弱的讯号。

 

总的来说，综指依然在1668点以上波动，目前未有任何转弱的迹象。唯一要留意及审慎的，就是目前市场稍微偏高的卖压。但只要综指还是维持在14、21、31天EMA的动态支持线以上的话，那基本上涨势还是完整的，而纯碎技术而言，目前的技术展望还是维持在正面。

 

祝你好运

 

 

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

 

Technical Analysis FBMKLCI 25 Oct 2012

 

Additional Volume Vital To Sustain Breakout

As shown in the chart,  the FBMKLCI successfully closed above 1670.16, making a historical closing high at 1671.89 points, gaining 3.9 points. The SMA 20-day remains its dynamic support for immediate term. Since the FBMKLCI is closing at its historical high, there is no reliable resistance for now. No man's land is unknown territory.

 

As indicated by the 50-day Volume Moving Average, total market volume increased 27.2%, with 31,440,328,900 shares traded. Market sentiments should remain optimistic if daily traded volume stays  above the 50-day VMA. Generally, the active market participation is likely to sustain the improving market sentiment.

 

The daily Stochastic stays above 70%, in its short-term bullish territory, suggesting that the short-term movement of the FBMKLCI is still positive.

 

In conclusion, despite the US market closing at recent month lows, the FBMKLCI marks its historical new high. Technically, the technical outlook for the FBMKLCI remains positive, as it is still supported by the rising 14, 21, 31 EMA dynamic support (not included in this chart).

 

HAPPY HOLIDAYS

 

SELAMAT HARI RAYA AIDILADHA

daripada ZLBT

Technical Analysis : FBMKLCI 19/10/2012 / 富时大马综合指数 2012-10-19

富时大马综合指数 2012-10-19

富时大马综合指数在活跃的交投的推动之下，在周五的确上探了1668点的阻力水平。综指盘中一度上涨至1670.16点的全日最高，写下来历史新高。不过，由于投资者套利的缘故，综指最后还是无法在突破1668的水平，只能以1666.35点挂收，按日微扬0.93点或0.06%。因此1668点继续是综指目前的阻力水平，至于支持水平方面就是图中所示的14、21、31天EMA动态支持线。

 

如图中箭头B所示，马股总成交量周五增加了6.27%，继续处于40天的成交量平均线（VMA）以上。这表示市场的交投果真活跃起来了。不但如此，市场交易总值也增加了42.5%，达21亿8600万令吉，写下了马股3个月的交易总值新高。这表示投资活跃交易的不只是低价股而且还有许多的蓝筹股项，其中包括了马电讯（TM）与亚通（Axiata）。

 

如图中箭头C所示，随机指标（Stochastic）继续处于70%的水平以上，这表示综指短期依然维持在偏强的格局中。

 

总的来说，虽然马股周五交投量与交易总值都偏高，但是美中不足的偏偏是下跌股项明显多过上升股（409只跌 / 294只起）。因此，这反而反映出偏高的交投量与交易市值是投资者活跃套利所致。主要原因是因为综指正在试探1668点的重要阻力水平，投资者在保持谨慎之下选择避免在周末持票才套利离场。无论如何，就算是套利活动活跃，也不影响综指目前正面的技术展望，这是因为综指继续获得14、21、31天EMA动态支持线的扶持。

 

FBM KLCI 19 Oct 2012

As indicated by A, the FBMKLCI tested the 1668 resistance with strong volume on Friday, with its intra-day high reaching 1670.16 points, making yet another historical new high. However, due to strong profit takings, the FBMKLCI failed to close above 1668 and only closed at 1666.35 points, gaining only 0.93 of a point or 0.06%. Therefore, the immediate resistance for the FBMKLCI is still at 1668 while the support is the 14, 21, 31 EMA dynamic support.

 

As indicated by B, total market volume increased 6.27%, with volume above the 40-day Volume Moving Average. This shows that the market is actively participated. Not only that, the market turnover value also increased 42.5%, hitting RM 21.86 Billion, which is the highest in 3 months. This suggests that not only low-priced stocks are actively traded, there were some blue chips as well, which includes TM, and Axiata.

 

As indicated by C, the Stochastic remains above 70%, in the short-term bullish territory. This suggests that the short-term movement of the FBMKLCI is still positive.

 

In conclusion, although the market trading volume and turnover value has increased, losers outnumbered gainers, and this is actually reflecting that profit taking is generally dominant on Friday, as investors are taking caution ahead of the weekend, and choose to take profit on Friday, as they are unsure if the FBMKLCI could successfully break above the 1668 resistance. Nevertheless, despite the slightly stronger selling pressure, the technical outlook for the FBMKLCI remains positive, as the FBMKLCI is still firmly above the rising 14, 21, 31 EMA dynamic support.

 

HAPPY TRENDING & GOODLUCK

Technical Analysis : FBMKLCI 05-10-2012 / 富时大马综合指数 2012-10-05

FBM KLCI 05 Oct 2012

As indicated by A, the KLCI open gap up at 1665.17 points, and had its gains up to 6.85 points. However, soon profit taking pulled the KLCI lower, closing at 1660.23 point while losing 1.24 points. Meanwhile, the KLCI is touching 20-days Bollinger Upper Band, suggesting that the short-term movement is showing an over-bought condition, thus some pullback is likely.

 

As indicated by B, total market volume remains below the 40-day Volume Moving Average, and this shows that the market participation is still not active. Also, this implies that investors are still not feeling confident about the market.

 

As indicated by C, the Stochastic retreats a little after touching 100%. This suggests a short-term over-heating signal, caused by the continuous rising of the KLCI over the short-term period. Some technical correction is likely, but as long as the Stochastic could stay above 70%, it suggests that the short-term movement of the KLCI is still positive.

 

In conclusion, the KLCI has not really corrected since rebounding from 1600. Technically, in order to sustain a healthy uptrend, some consolidation or correction is required. Immediate resistance for the KLCI is at 1668 while the support is at the 14, 21, 31 EMA dynamic support.

 

富时大马综合指数 2012-10-05

如图中箭头A所示，富时大马综合指数周五跳空上扬以1665.17点开市。综指开市后一度上涨6.85，但随后因投资者套利而回软，按日下跌1.24点，以1660.23点挂收。另外，综指已经稍微突破了20天的布林上频带（20-day Bollinger Upper Band），这表示综指短期走势开始处于超买的现象（Over-Bought），因此在近期内有拉回效应的可能。

 

如图中箭头B所示，马股总成交量依然处于40天的成交量平均线（VMA）以下，这表示市场的交投量还未能达到“活跃”的水平。同时也还是暗示着投资者对马股信心不强。

 

如图中箭头C所示，随机指标（Stochastic）达到100%水平后周五稍微的下滑，这表示综指短期的走势的确强劲，但是却处于过热的现象。这都是因为综指在短期内多日上涨所致。因此有技术调整的可能。无论如何，只要随机指标还是能维持在70%水平以上的话，那短期的走势还是偏强的。

 

总的来说，综指上扬多日后，都未曾真正的调整过。以技术而言，若综指能进入盘整格局，或稍微出现回调的话，那将有助于综指维持一个健康的涨势。无论如何，由于综指上涨1668.32点后开始回软，因此暂时的阻力将落在1668点的水平。支持水平方面则是落在14、21、31天EMA的动态支持线。

 

祝你好运

Technical Analysis : FBMKLCI 02-10-2012 / 富时大马综合指数 2012-10-02

FBM KLCI 02 October 2012

Since rebounding from 1600, the KLCI has been rising for the 6^th days. On Tuesday, the KLCI closed at 1651.03 points, gaining 7.72 points or 0.47%. As indicated by A, the KLCI is approaching the 1655 historical high, while its support is at 1625.

 

As indicated by B, total market volume increased 0.66%, however, it is still unable to break above the 40-day Volume Moving Average. This suggests that the market participation relatively still quiet, and also implying that investors are still not feeling confident about the market.

 

As indicated by C, the Stochastic stays above 70%, and still rising, after breaking above 70% on last Friday. This suggests that the short-term movement of the KLCI is bullish biased.

 

In conclusion, although the short-term movement of the KLCI is positive, it has not resumed its previous uptrend as it is still capped under 1655. Nevertheless, with the KLCI above the 14, 21, 31 EMA, the immediate technical outlook is on the positive side.

 

富时大马综合指数 2012-10-02

富时大马综合指数自1600点反弹以来，至今已经连续上扬了第6天。综指周二上扬7.72点或0.47%，以1651.03点挂收。如图中箭头A所示，综指即将要试探1655点的历史高峰阻力水平，支持水平落在1625点。

 

如图中箭头B所示，马股总成交量增加了0.66%，成交量还未能达到40天的成交量平均线（VMA）的水平。以技术而言，马股目前的交投还是属于淡静的，这继续暗示着投资者对马股的信心还是不强。

 

如图中箭头C所示，随机指标（Stochastic）自上周五突破70%水平后继续上扬，目前继续处于短期强势区域里。以技术而言，只要随机指标能维持在70%水平以上，那综指短期的走势将还是维持在偏强的格局中。

 

总的来说，综指短期走势虽然偏强，但是却还不至于表示综指将能恢复之前的上升趋势。这是因为综指还未能突破1655点的阻力水平。无论如何，由于综指已经处于14、21、31天EMA以上，因此目前的技术展望是处于正面的。

 

祝你好运

Technical Analysis : FBMKLCI 25/09/2012 / 富时大马综合指数 2012-09-25

FBM KLCI 25 Sept 2012

On Tuesday, the KLCI opened at 1611.82 points, 0.56 points lower than yesterday's closing. Soon after opening, the KLCI slipped 9.29 points to its daily low of 1603.09 point, but as the KLCI is nearing its 1600 support level, the KLCI started to rebound, lifted by heavy weighted bluechips. At the close, the KLCI ended at 1618.58 points, gaining 6.2 points or 0.38%. Resistance for the KLCI remains at 1625 as well as the 14, 21, 31 EMA dynamic resistance, while the support is still at 1600, as indicated by A.

 

As indicated by B, total market volume increased 19.61%, but volume is still below the 40-day Volume Moving Average. This suggests that the market is still relatively quiet, also implying that investors are still not feeling confident about the market.

 

As indicated by C, the Stochastic rebounded at 30%, thus avoided entering the short-term bearish territory. For now, the Stochastic is showing a short-term neutral signal.

 

In conclusion, the KLCI tested the 1600 level again, and fortunately it rebounded from the 1600 level, thus avoiding forming a downtrend once again. However, since the KLCI is currently below the 14, 21, 31 EMA dynamic resistance, the immediate technical outlook is turning cautious.

 

富时大马综合指数 2012-09-25

综指周二以1611.82 点开市，比昨天的收市低了0.56点。综指开市后因一度下滑 9.29 点，至1603.09点的全日最低，惟在接近1600点整数心理支持水平时获得扶持而回弹，甚至把扭转局势，使得综指以1618.58点挂收，按日上扬6.20点或0.38%。综指目前的阻力依然是1625点及14、21、31天EMA的动态阻力线。支持水平则仍然是1600点的关口。（参考图中箭头A）

 

如图中箭头B所示，马股总成交量比昨天稍微增加了19.61%，不过成交量还是未能达到40天的成交量平均线（VMA）的水平。这表示市场的交投还未达到活跃的水平，同时继续暗示着投资者对马股的信心还未完全恢复。

 

如图中箭头C所示，随机指标（Stochastic）在30%的水平反弹，因此避开了陷入短期弱势的格局。目前的随机指标显示着短期中立的讯号，直到随机指标上扬突破70% 或 下跌跌破30%水平为止。

 

总的来说，综指再次试探1600点大关，所幸的综指继续在1600点获得扶持而回弹，因此再一次的避开了跌势的形成。不过，由于综指目前继续处于14、21、31天EMA动态阻力线以下，因此目前的技术展望是处于谨慎的状态。

 

祝你好运