FKLI >>> Bulldozing To A Record High

INDEX FUTURES BROKE INTO NEW STRATOSPHERE

MACD Histogram indicates more upside expected

The FKLI took out the all time record high of 1606.50 (03 Apr 2012) reaching an unprecedented 1608.50 before settling at 1607.50 on consistent follow through buying. The index futures punched through all resistances like wet paper.

An amazing performance indeed considering the uncertainties surrounding the Euro zone markets when global investors are on hair trigger stand-bys.

However, a word of caution for over zealous buyers ...... Today's failure to produce a negative candle or sell signal is by no means a white flag from the bears. There may appear any day a negative sell signal due to the FKLI overbought conditions.

TIP >>> A clue to monitor will be the all time high of the FBMKLCI @ 1609.33. That may or may not be the defining mark for a U-turn ..... :P

HAPPY TRADING

Technical Analysis : FBMKLCI 19 June 2012 / 富时大马综合指数 2012-06-19

Technical Analysis : FBMKLCI 19 June 2012
As indicated by A, the KLCI rose sharply on Tuesday, closing at its daily high of 1594.98 points, gaining 12.25 points or 0.77%. As shown on the chart, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI, and the L2 line is the newly form short-term uptrend line. Next resistance for the KLCI is at 1600-1609 new high resistance.

Despite gaining over 12 points, which is the biggest gain since 29 of February, total market volume fell 0.91%, with volume still below the 40-day Volume Moving Average. This suggests that the bullish movement on Tuesday was only participated by little investors. Technically, the market volume we have right now is still far away from reaching an ideal bullish market.

As circled at C, the MACD histogram is still ticking higher, thus suggesting that the KLCI short-term is still gaining some strength. The improving short-term signal is expected to carry on until the MACD histogram should form a Rounding Top.

In conclusion, the KLCI is extending is gains and forming the L2 short-term uptrend line. However, the bullish signal was not supported by strong volume. Nevertheless, with the KLCI above the 14, 21, 31 EMA, the immediate technical outlook is positive.

富时大马综合指数 2012-06-19

如图中箭头A所示，富时大马综合指数周二大举上扬，全日以最高点1594.98点挂收，按日张12.25点或0.77%。图中所示的14、21、31天EMA继续为综指上扬的动态支持线，另外，图中所示的L2线也是综指目前短期涨势的上升趋势线。综指下一道阻力落在1600-1609点的新高阻力水平。

虽然综指周二的上扬，是今年2月29日以来最大，但是马股总成交量却比昨日的减少0.91%，因此如图中箭头B所示，马股总成交量还是处于40天的成交量平均线（VMA）以下。这表示马股虽然涨多跌少，但是参与其盛的人数并不多。对于达到一个理想涨势条件来说，目前低迷的成交量仍然有一段距离。

如图中C圈所示，平均乖离振荡指标（MACD Histogram）继续上升，这表示综指短期走势继续改善的意思，直到平均乖离振荡指标形成圆顶（Rounding Top）为止。

总的来说，综指继续走高，并形成了L2 线的短期上升趋势。不过，这涨势却未有的得到成交量明显增加的确认。无论如何，以技术而言，只要综指能维持在14、21、31天EMA的动态支持线以上，那综指目前的技术展望还是正面的。

祝你好运

Technical Analysis : 富时大马综合指数 2012-06-15 / FBM KLCI 15 June 2012

富时大马综合指数 2012-06-15

随着隔夜美国股市回弹，再配合亚太区域股市纷纷回弹，马股周五全日上扬8.29点或0.53%，以1579.23点挂收。如图中箭头A所示，综指依然维持在14、21、31天EMA的动态支持线及1566-1570点支持水平以上。

如图中箭头B所示，马股总成交量周五增加46.05%，几乎达到40天的成交量平均线（VMA）的水平。表面上来看，马股周五的交投明显的增加，若接下来马股总成交量能继续增加并突破40天的成交量平均线的话，一般上将有利于改善马股的交易气氛。不过，在30只综指成份股项当中，有几个蓝筹股（国油气体Petgas，国油贸易Petdag，大众银行Pbbank，马来亚银行Maybank，及马电讯TM）周五成交量明显剧增，但是股价却收低。在技术的角度来看，这表示套利活动是偏强的。

如图中C圈所示，平均乖离振荡指标（MACD Histogram）停止下滑，有形成圆底（Rounding Bottom）的可能。若平均乖离振荡指标能继续回弹的话，那表示综指短期的盘整结束，有回弹的机会。

总的来说，综指周五虽然回弹超过8点，同时成交量也有增加的迹象，但是综指暂时还未有形成涨势或恢复之前上扬趋势的确认。无论如何，若成交量能继续增加的话，那马股整体上的投资气氛将会继续改善。

FBM KLCI 15 June 2012

The KLCI gained 8.29 points, lead by regional markets gains after over-night rises of the US markets. The KLCI closed at 1579.23 points, and as indicated by A, the KLCI stays above the 14, 21, 31 EMA dynamic support as well as the 1566-1570 support.

As indicated by B, total market volume increased 46.05%, almost touching the 40-day Volume Moving Average. If volume should continue to increase and break above the 40-day Volume Moving Average, the market sentiment as a whole is likely to improve. However, a few of the KLCI components (Petgas, Petdag, TM, Pbbank, and Maybank) had obvious increase of volume, but price closed lower. This is usually suggesting that selling pressure of these counters were relatively high.

As circled at C, the MACD histogram stopped falling on Friday, and if it could continue to tick up, it means that the KLCI short-term is now picking up some strength.

In conclusion, despite gaining over 8 points, the KLCI has not shown signs of resuming or forming an uptrend. Nevertheless, if volume should continue to increase, the market sentiment as a whole is likely to improve.

HAPPY TRADING

30 x Mid BB Rangebound Stocks 4ur Perusal 15062012

*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 range bound and trade sideways, hence traders should refer to their respective charts to spot accumulation (volume growth) or breakout patterns.

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HAPPY TRADING

EOD Charts >>> FBM KLCI + FKLI 14 June 2012

BULLS UNDER PRESSURE

These 2 Charts speak for themselves

(extra commentaries not necessary)

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HAPPY TRADING