All Your Uber and Grab Promo Code HERE >>


Monday, January 12, 2009

综合指数 2009年 01月 12日 / Composite Index 12/01/2009

By ZhugeLiang

综合指数 2009年 01月 12日


如图所示,布林频带(Bollinger Band)收窄1%,这表示虽然综指上扬4.50点,不过整体上综指还是属于一个调整巩固的格局里,直到布林频带再度打开为止。通常当布林频带开始明显的打开时,综指将会出现一个新的趋势,而这新趋势的方向将取决于综指届时处于布林中频带(Bollinger Middle Band)的相应位置。




Composite Index Daily Technical Analysis 1201/2009

As indicated by A, the KLCI tested the 920 Fibonacci Retracement again on Monday, suggesting that the KLCI is attempting to resume its rally. The next resistance for the KLCI is at 940 followed by the 972 Fibonacci Retracement, while the immediate support is at 920 level.

As shown on the chart above, the Bollinger Bands Width contracted only 1%, suggesting that the direction for the KLCI is still unclear, despite the KLCI ended 4.5 points higher. But still, since the KLCI is still above the Bollinger Middle Band, the immediate outlook for the KLCI is still on the positive side. If the Bollinger Bands Width should re-expand with the KLCI remain above the Bollinger Middle Band, it would be a bullish signal for the KLCI.

As indicated by B, total market volume increased 38.3%, with volume above the 40-day VMA level. This shows that the market participation is now relatively sufficient, as it is the most important element to sustain any rally of the KLCI.

As indicated by C, the Stochastic is still above the 70% level, which is the short term bullish region. Therefore, the market movement for the short term is still bullish biased, until the Stochastic should break below the 70% level. To sum up, despite the consolidation, the KLCI is still showing some positive signs, and if the Bollinger Bands Width should expands again, more up side room is expected for the KLCI.

If you like the post, please subscribe to Bursa Chat. We will send you the latest post by Email
===> Click
Subscribe to Bursa Chat by Email


No comments:

Profit / Loss Calculator

Enter the details and click on the compute button to find out if you are making a profit or a loss.
 Contract Details
  No of Shares Price (RM) Brokerage Rate Desired Profit

Contract Type
Share Bought From:
Clearing Fee For:
 Details Buy  Sell  
 Proceeds 0.00  0.00  
 Brokerage Fee 0.00  0.00  
 Clearing Fee 0.00  0.00  
 Stamp Duty 0.00  0.00  
 Net Amount 0.00  0.00  
 Breakeven Price 0.00  
 Buy Net Amount 0.00  
 Sell Net Amount 0.00  
 Profit/Loss 0.00  

Price Range Index
Stepping Method:
 Auto Computation (Profit/Loss)
Sell Price  Net Amount  Profit/Loss  
0.00  0.00  0.00  
0.00  0.00  0.00  
0.00  0.00  0.00  
0.00  0.00  0.00  
0.00  0.00  0.00  
0.00  0.00  0.00  
0.00  0.00  0.00  
0.00  0.00  0.00  
0.00  0.00  0.00  
0.00  0.00  0.00