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 indicated by A, the KLCI rosed another 10.75 point on Monday while continue staying above the rising dynamic support, which is the 14, 21, 31 EMA. If the KLCI should remains supported by the rising dynamic support, the outlook for the KLCI shall remains bullish biased. Nevertheless, the next resistance for the KLCI shall remains at 1392.18 point.
As indicated by B, total market volume declined 14%, and barely staying above the 40-day VMA level. Volume remains above the 40-day VMA level is the important ingredient if the KLCI was to sustain the bullish sentiment. If the volume should fail to stay above the 40-day VMA level, it would suggests insufficient inflow of fresh capital, thus the sustainability of the market sentiment is doubtful.
As circled at C, the Stochastic remains above the 70% level, which is the short term bullish region. As long as the Stochastic should remains above the 70% level, the market movement for the short term is expected to be bullish biased.
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