Malaysia Stock Market - Sentiment Index

Today, market sentiment opened in high notes but gradually lost steam even the key index recorded modest gains. The intra-day Oscillator slid but recouped some of the losses before closing to end at +312.30; lost 1,080.78 when compares with its starting point. The Average recorded a gain of 411.49.

At the end of the day, %K Line (yellow) of MSCD recorded as +209.23 (+36.76), %D Line (red) +89.87 (+25.76) and the Histogram +152.43 (-8.27). Both indicators moved slightly higher but the Histogram printed yet another shorter bar.

FBMKLCI has formed a bullish candlestick after yesterday’s Doji. The index was accurately capped by its overhead resistance around 1,562 and almost equivalent to its previous high now. Look like the index has the tendency to move higher as all its indicators have reversed their positions and pointed north.

In such case, small caps and low-liners will continue their activities with the musical chair rotating.

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.)