In the local front, FBM KLCI followed its peers sank into red but was fast to rebound and ended at 1,179.49 lost 0.39. Total Volume decreased by 124 mln shares to 923 mln shares.
Market sentiment was deteriorating with the Oscillator reversed and fell into red to end at -87.71 lost 529.78 from the starting. However, the Average still recorded a gain of 73.23.
The Key Indicator (Blue) of the Daily MSO Chart hooked up to cut MS20. The Indicator is now at +271.36 gained 116.66.
MS20 continued to edge higher and MS50 was flattish.
Based on MSO, market is moving uptrend as the MS20 edged up steadily. But the base of the overall market is still vulnerable as the Key Indicator MS5 zigzagging all the way. Investors were trading with hope and scary as analysts said deep correction would be near.
However, those who pick the right counters will still make money. (Constructed and Shared by Smartbiz)
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