Technical | Fundamental Analysis Discussion Stocks Listed In Bursa

Monday, January 19, 2009

综合指数 2009年 01月 16日 / Composite Index 16/01/2009

By Zhuge Liang

Composite Index 16/01/2009

As16/01/2009 Composite Index Daily Technical Analysis indicated by A,, the Bollinger Bands Width continue to contract, suggesting that the KLCI is still consolidating, closing only 0.1% lower on Friday. As long as the Bollinger Bands Width is still contracting, the consolidation of the KLCI is expected to continue, while the market direction remains unclear.

As shown on the chart above, support for the KLCI remains at 887 Automatic Fibonacci Retracement while the resistance is still at 900 psychological level as well as the Bollinger Middle Band dynamic resistance.

As indicated by B, total market volume declined 9.4%, but the volume is still above the 40-day VMA level, suggested that the overall market is still well-participated. If volume should continue to decline while the KLCI consolidate, it is still considered normal.

As circled at C, the Stochastic is breaking below the 30% level, entering the short term bearish region. If the Stochastic should continue to stay below 30% level, the market movement for the short term is likely to be bearish biased.

To sum up, the performance of the KLCI is sensitive to the performance of major markets across the globe, but still the KLCI is only consolidating for the moment, as the Bollinger Bands Width has not shown any bearish signal.

综合指数 2009年 01月 16日 /

如图中箭头A所示,由于布林频带(Bollinger Band)继续的收窄,所以综合指数基本上出现横摆的现象,只微跌0.1%,通常综指将继续的维持在一个调整巩固的格局中,直到布林频带再度出现明显的打开为止。

如图所示,综指目前的支持水平继续的落在887点的胜图自动费氏线,阻力水平则是900点的心理支持水平以及布林中频带(Bollinger Middle Band)这动态阻力线。





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