Winchart Technical Analysis
Daily Market analysis
| Learn Technical Analysis and get your credit hours at the same time. WinChart Technical Analysis Training is Accredited by: | |||
 |
 |
||
As shown on the chart above, the KLCI rebounded 23.91 points on Wednesday. As indicated by A, the KLCI is testing the 14, 21, 31 EMA dynamic resistance. If the KLCI should remains resisted by the falling dynamic resistance, the outlook for the KLCI shall remains bearish biased.
Although the KLCI rebounded strongly on Wednesday, total market volume, on the other hand, only increased an insignificant 0.3%. As indicated by B, total market volume remains below the 40-day VMA level, suggesting that the overall market participation is still low. Therefore, the market sentiment at the moment is still relatively weak.
As the KLCI technically rebounded, the Stochastic is also showing a short term neutral signal. As circled at C, the Stochastic is now situated in between the 30% and 70% level, which is the short term neutral region. (Study C)
Find this analysis useful? Why not share it with others? Click Here to send this to a friend
 1st Online Training In Malaysia |
 |
 |
 |
| View the Online Training | More Market Analysis | Find out more about WinChart | Upcoming Events |
Straits Index (M)
Sdn Bhd
No. 16, Jalan LP 1A / 5, Lestari Perdana,
43300 Seri Kembangan, Selangor
Hotline: (03) 8941 6828 (5
lines) Fax: (03) 8941 9828
Email: info@straitsindex.com
© Copyright 1997-2007 Straits Index (M) Sdn Bhd All
rights reserved