Malaysia Stock Market - Sentiment Index

(This version replaced “Malaysia Stock Market – End of the day”)

Market sentiment opened in high note but receded immediately after the key index started to slide. Gains of the intra-day Oscillator trimmed significantly to end at +438.08; lost 695.59 when compares with its starting point. The Average recorded a gain of 555.10.

At the end of the day, %K Line (yellow) of MSCD recorded as +300.52 (+46.27), %D Line (red) +102.16 (+36.25) and the Histogram +186.94 (+2.86). Both indicators hooked slightly up and stayed in positive zone. The Histogram printed a slightly longer bar.

Market sentiment remains in bullish mode but will slowly lose strength once a bearish reversal pattern was seen in FBMKLCI. The index has casted its first black crow today after hiking for more than two weeks. A black candle with higher volume is an evidence of a fatigue market. Market is long for a healthy consolidation.

Constructed and Written by Smartbiz (FBMKLCI Chart extracted from ChartNexus)

(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.)