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 Bollinger Bands Width remains contracting, suggesting that the KLCI is still consolidating. However, the contraction of the Bollinger Bands Width also implies that the KLCI is getting ready for a new movement. If the Bollinger Bands Width should expands with the KLCI staying above the Bollinger Middle Band, it would be an upside biased movement signal. Nevertheless, the KLCI must take out the important resistance at the Gap as well as the T1 downtrend line.
As indicated by B, total market volume increased 23.7% on Tuesday, but still staying below the 40-day VMA level. If the market volume should increase, the KLCI would have a better chance in breaking above the resistance lines, as the increase of volume also suggests more inflow of fresh capital.
As circled at C, the MACD ticked up slightly for the first time after two weeks of falling. Therefore, should the MACD histogram continue rising, it would form a rounding bottom signal, suggesting that the MACD bullish signal is gaining strength.
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 1997-2008 Straits Index (M) Sdn Bhd All
rights reserved