Asian stock markets were mostly higher Wednesday, with Tokyo stocks choppy as support from a weaker yen was offset by continued concerns over the nuclear crisis.
Local sentiment recovered from yesterday’s slaughter soon after the key index returned to the black and tripped its three losing streaks. The intra-day Oscillator was seen shooting star immediately after the break and ended at its day-high at +1,061.70; gained 904.49 when compares with its starting point. The Average recorded a gain of 552.41.
At the end of the day, %K Line (yellow) of MSCD recorded as -40.19 (+107.71), %D Line (red) -21.22 (+45.91) and the Histogram +53.98 (-18.24). Both indicators hooked up but remains in the red and the Histogram printed yet another shorter bar.
The MSCD shows that overall market sentiment has stabilized but cautiousness remains. So long as the key index hasn’t sent out any clear signal, low-liners will still be treading water.
FBMKLCI
FBMKLCI charted a white knight after three black crows. However, as today’s closing is still below that of yesterday, the breakout is still in doubts. Its immediate resistance is 1,539 follows by 1,544. Supports are 1,517. The index must return to the uptrend channel around 1,553 to confirm its reversal.
Local sentiment recovered from yesterday’s slaughter soon after the key index returned to the black and tripped its three losing streaks. The intra-day Oscillator was seen shooting star immediately after the break and ended at its day-high at +1,061.70; gained 904.49 when compares with its starting point. The Average recorded a gain of 552.41.
At the end of the day, %K Line (yellow) of MSCD recorded as -40.19 (+107.71), %D Line (red) -21.22 (+45.91) and the Histogram +53.98 (-18.24). Both indicators hooked up but remains in the red and the Histogram printed yet another shorter bar.
The MSCD shows that overall market sentiment has stabilized but cautiousness remains. So long as the key index hasn’t sent out any clear signal, low-liners will still be treading water.FBMKLCI
FBMKLCI charted a white knight after three black crows. However, as today’s closing is still below that of yesterday, the breakout is still in doubts. Its immediate resistance is 1,539 follows by 1,544. Supports are 1,517. The index must return to the uptrend channel around 1,553 to confirm its reversal.
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