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 07-09-2012 / 富时大马综合指数 2012-09-07

FBM KLCI 07 Sept 2012

After falling sharply on Thurs, the FBM KLCI rebounded on Friday, gaining 6.56 points or 0.41%, to close at 1624.55 points. As indicated by A, the KLCI has not returned above 1625 support level, and also, with the KLCI below the 14, 21, 31 EMA, the immediate technical outlook is slightly on the negative side. Next support for the KLCI is at 1600 psychological level.

 

As indicated by B, total market volume fell 11.71%, with volume failing to reach the 40-day Volume Moving Average. Generally, if volume should continue to stay low, it shows that investors are reluctant to participate while being cautious. Also, without sufficient volume, the KLCI or the market as a whole is less likely to pick up its strength.

 

As indicated by C, the Stochastic rebounded after touching 0%, suggesting a normal pullback effect after the short-term over-sold condition. But if the Stochastic should remain below 30%, it suggests that the short-term movement of the KLCI is still weak.

 

As per mentioned earlier, the sharp fall of the KLCI could be short-lived, and coupled with the short-term over-sold condition, the KLCI having a rebound is only normal. However, since the uptrend has been interrupted, the positive technical outlook of the KLCI has also temporary ended. But it is still too soon to call for any downtrend formation.

 

富时大马综合指数 2012-09-07

如图所示，富时大马综合指数周五出现了反弹，按日回弹6.56点或0.41%，以1624.55点挂收。不然图中箭头A所示，综指还未能重返1625点支持水平以上。此外，综指也处于14、21、31天EMA以下，因此目前的技术展望是偏弱的。综指下一道支持落在1600点的整数心理水平。

 

如图中箭头B所示，马股总成交量减少了11.71%，未能达到40天的成交量平均线（VMA）的水平。这表示市场的交投有回到淡静格局的迹象。若接下来成交量继续减少的话，那表示投资者继续在场外观望。一般来说，若成交量偏低的话，马股通常也难以转强。

 

如图中箭头C所示，随机指标（Stochastic）在达到0%水平后出现了回弹，这表示综指短期处于超卖（Over-sold）现象后的拉回效应的正常反应。不过，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还是偏弱的。

 

如昨日的分析所提到，综指短期内大幅度下跌后有可能是短暂性的，再加上综指短期处于超卖的现象，因此周五所出现的反弹也是很正常的。不过，由于综指涨势暂时已受到了中断，因此综指之前处于正面的技术展望也暂时将告一段落。至于综指会否就此形成跌势，那仍然有待进一步的确认。

 

祝你好运

 

ZLBT Random Stock Pick >>> MAA Group Berhad (1198)

TIME FOR REBOUND

MAA Selldown Fades

It's been almost a year when words were out on the streets that Malaysian Assurance Allianz MAA) was to be taken over and renamed Zurich Insurance (M) Bhd. Local investors immediately began to sell-off MAA equities for whatever reasons. MAA dropped from 56 sen to 38 sen >>> a 30% ++ discrepancy is certainly illogical as it's fundamentals remain strong.

However, over the recent week, a price rebound seems to indicate the bears are running low on ammunitions. Below herewith MAA (1198) Weekly Technical Chart c/w Fundamental Infos ......

Check out MAA fundamentals from other sources and find me a 45 sen stock with such profits, PE below 2, EPS 42.95 c/w NTA 1.37 and ZL will buy that stock before you can yawn.

No doubts MAA's TA is not as pretty as it's FA becoz you'll have a hard time finding any penny stocks valued 50 sen & below with it's TA & FA better than MAA's.

ZLBT recommend a BUY ON DIP for this gem.

 

HAPPY TRADING & GOODLUCK

综合指数 2009年 02月 24日 / Composite Index 24/02/2009

综合指数 2009年 02月 24日

如图中箭头A所示，由于885点的胜图自动费氏线与L1的趋势线重叠，使到支持力量倍增，所以综合指数周二再度精确的在885点的胜图自动费氏线上获得扶持而回弹。由于综指在L1线上反弹，所以综指继续的在对称三角形（Symmetrical Triangle）里巩固，酝酿着一个新的趋势。综指当前的阻力水平是905点的胜图自动费氏线，支持水平则依然是885点。

如图所示，布林频带（Bollinger Ban）稍微打开了2%，但是这打开的幅度相对的小，还不算是明显打开，这表示综指还是属于横摆巩固。布林中频带（Bollinger Middle Band）接下来也将继续的成为综指的动态阻力线。

如图中箭头B指示，马股总成交量稍微增加6.3%，所以依然未能达到40天的成交量平均值（Volume Moving Average）。换句话说，马股交投目前还是属于淡静，综指有倾向于调整巩固的格局。

如图中C圈指示，随机指标（Stochastic）回弹并且突破了30%的水平，表示综指有望开始技术反弹（Technical Rebound）。若随机指标接下来能进一步上扬突破50%水平的话，那综指有望出现短期转强的趋势。

尽管美国道琼指数创下12年新低，综指还是能够在885点的水平获得扶持，若成交量能够明显增加的话，那885点将有望成为综指有力的支持水平。无论如何，综指已经非常接近三角形的尾端，所以综指近期将有摆脱目前巩固的趋势出现。

Composite Index Daily Technical Analysis 24/02/2009
Despite the Dow Jones Industrial Average Index closing at its 12 year low, the KLCI rebounded 6.24 points after supported by the 885 Automatic Fibonacci Retracement and the L1 line. Therefore, the KLCI continued its consolidation within the Symmetrical Triangle, and the resistance for the KLCI is still at 905 Automatic Fibonacci Retracement. (Study A)
As shown on the chart above, the Bollinger Bands Width only expanded 2%, and therefore, the signal is insignificant. Nevertheless, if the Bollinger Bands Width should expand significantly, it would be a signal suggesting a beginning of a new movement for the KLCI.
As indicated by B, total market volume increased 6.3%, but still below the 40-day VMA level. This shows that the overall market participation is still low, thus the KLCI is less likely to pick up any strength, and it is expected t continue its consolidation.
As circled at C, the Stochastic rebounded and broke above 30% level, as the KLCI closed higher at its daily high. Therefore, the Stochastic is now suggesting a beginning of a technical rebound. If the Stochastic should also break above 50% level, it would be a signal suggesting a continuation of the technical rebound.
In short, since the KLCI is getting closer to the tip of the Symmetrical Triangle, we shall only wait until the KLCI break out from the Symmetrical Triangle to show its new direction.

HAPPY TRADING