Malaysia Stock Market - Sentiment Index

Today, market sentiment followed the key index flip-flopping along the neutral level for the whole session. However, the intra-day Oscillator managed to end briefly above the zero level at +48.37; lost 138.09 when compares with its starting point. The Average recorded a gain of 40.92.

At the end of the day, %K Line (yellow) of MSCD recorded as +183.34 (-25.88), %D Line (red) +86.23 (-3.36) and the Histogram +141.38 (-11.07). Both indicators moved slightly down and the Histogram printed another shorter bar to form a round top.

FBMKLCI failed to form a higher-higher but reversed downside instead, today. Regional markets were affected by another overnight magnitude-7.1 earthquake in Japan. As shown in the chart, the upward reversal of the index has been spoilt by the formation of yet another black crow and lapsed into uncertainty. Other indicators such as MACD, Stochastic and W%R also sank into hesitation after today’s trade. The index should go sideways until it breaks its resistance (1,562) or support (1,549).

In the MSCD, overall market sentiment was seen gradually receding from high tone. Buying strength as affected by the sideways index has also weakened. Market is waiting for fresh lead mostly will emerge next week.

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.)