(This version replaced “Malaysia Stock Market – End of the day”)
Market sentiment started in negative tone but picked up before the break as regional market mostly recovered from earlier losses. The intra-day Oscillator returned to the black and surged to finish the day at its day-high at +631.62; gained 705.12 when compares with its starting point. The Average recorded a gain of 132.30.
At the end of the day, %K Line (yellow) of MSCD recorded as +172.47 (-7.30), %D Line (red) +64.13 (+5.46) and the Histogram +160.68 (-13.17). Both indicators recorded only slight movements but the Histogram printed yet another shorter bar.
Market sentiment was resilient after seeing the key index found its support near the 1,552 level for the second time. FBMKLCI formed a Doji after today’s trade indicating downside trajectory has been alleviated. The index will be fluctuating in tight range, going forward.
However, small caps and low-liners will resume their active roles as MSCD shows steady position and FBMSCAP printed its first white candle after two down sessions. Other indicators such as MACD, RSI, Stochastic and W%R in the chart all stay in sideways situation. Prices of gainers will be affected by the weaker FBMKLCI and choppy.
Market sentiment started in negative tone but picked up before the break as regional market mostly recovered from earlier losses. The intra-day Oscillator returned to the black and surged to finish the day at its day-high at +631.62; gained 705.12 when compares with its starting point. The Average recorded a gain of 132.30.
At the end of the day, %K Line (yellow) of MSCD recorded as +172.47 (-7.30), %D Line (red) +64.13 (+5.46) and the Histogram +160.68 (-13.17). Both indicators recorded only slight movements but the Histogram printed yet another shorter bar.
Market sentiment was resilient after seeing the key index found its support near the 1,552 level for the second time. FBMKLCI formed a Doji after today’s trade indicating downside trajectory has been alleviated. The index will be fluctuating in tight range, going forward. However, small caps and low-liners will resume their active roles as MSCD shows steady position and FBMSCAP printed its first white candle after two down sessions. Other indicators such as MACD, RSI, Stochastic and W%R in the chart all stay in sideways situation. Prices of gainers will be affected by the weaker FBMKLCI and choppy.
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.)
No comments:
Post a Comment