Market sentiment remains in high tone. Though some low-liners have succumbed to profit taking but rotational play will continue to be on stage.
Asian stock markets were mostly higher Wednesday, but Japanese shares succumbed to profit-taking after their post-earthquake bounce.
"People want to see how things go with the nuclear reactors, and there is also the uncertainty with the geopolitical situation in northern Africa and the Middle East," said Shuichi Kanehira, a senior foreign-exchange dealer at Mizuho Corporate Bank. (WSJ)
At closing, Japanese market lost 1.65%, Hong Kong 0.14% but China gained 1.03%, Singapore 0.65% and Malaysia 0.19%.
FBMKLCI
FBMKLCI opened with nearly 5-point loss but returned to the black after two hours. The index accelerated in the afternoon session and ended at its day-high at 1,511.97 (+2.87/0.19%). Total Volume was 1,294m (-140m), gainer 515 and loser 251. (FBMKLCI Chart extracted from Jupiter)
Market Sentiment
Market sentiment started in hesitation but picked up after the key index returned to the black. The Oscillator climbed to end at +761.58; gained 685.61 when compares with its starting point. The Average recorded a gain of 460.44.
Conclusion
FBMKLCI was moving within the tight range formed by the 100-day SMA and the Middle Bollinger Band, today. The index remained above the Middle Bollinger Band, as such, upside trajectory considered intact. But, momentum was decelerating. (Chart extracted from ChartNexus)
On the other hand, %K Line (yellow) of MSCD recorded as +57.55 (+73.23), %D Line (red) -138.29 (+47.92) and the Histogram +83.62 (+28.06). Both indicators moved higher and K Line hopped into the positive territory. The Histogram printed another longer positive bar.
Market sentiment remains in high tone. Though some low-liners have succumbed to profit taking but rotational play will continue to be on stage.
Asian stock markets were mostly higher Wednesday, but Japanese shares succumbed to profit-taking after their post-earthquake bounce.
"People want to see how things go with the nuclear reactors, and there is also the uncertainty with the geopolitical situation in northern Africa and the Middle East," said Shuichi Kanehira, a senior foreign-exchange dealer at Mizuho Corporate Bank. (WSJ)
At closing, Japanese market lost 1.65%, Hong Kong 0.14% but China gained 1.03%, Singapore 0.65% and Malaysia 0.19%.
FBMKLCI FBMKLCI opened with nearly 5-point loss but returned to the black after two hours. The index accelerated in the afternoon session and ended at its day-high at 1,511.97 (+2.87/0.19%). Total Volume was 1,294m (-140m), gainer 515 and loser 251. (FBMKLCI Chart extracted from Jupiter)
Market Sentiment Market sentiment started in hesitation but picked up after the key index returned to the black. The Oscillator climbed to end at +761.58; gained 685.61 when compares with its starting point. The Average recorded a gain of 460.44.
ConclusionFBMKLCI was moving within the tight range formed by the 100-day SMA and the Middle Bollinger Band, today. The index remained above the Middle Bollinger Band, as such, upside trajectory considered intact. But, momentum was decelerating. (Chart extracted from ChartNexus)
On the other hand, %K Line (yellow) of MSCD recorded as +57.55 (+73.23), %D Line (red) -138.29 (+47.92) and the Histogram +83.62 (+28.06). Both indicators moved higher and K Line hopped into the positive territory. The Histogram printed another longer positive bar.Market sentiment remains in high tone. Though some low-liners have succumbed to profit taking but rotational play will continue to be on stage.
Constructed and Written by Smartbiz (Click on chart to view)
(Note: You can read the explanation for Intra-Day MSO and MSCD from the achieves under heading "Labels" at the lower portion of the sidebar.)
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