Asian stock markets were mostly lower Friday, as Chinese data showing still-strong inflationary pressures renewed worries about further tightening measures from Beijing.
Local sentiment remained lackadaisical today as investors shun from taking any position while the Sarawak Election has fallen into an impasse. The intra-day Oscillator slid but ended off low at -340.66; lost 372.97 when compares with its starting point. The Average recorded a loss of 233.58.
At the end of the day, %K Line (yellow) of MSCD recorded as -157.32 (-13.86), %D Line (red) -84.29 (-11.95) and the Histogram +8.54 (-20.39). Both indicators slid slightly and the Histogram printed another shorter bar and almost finished its round top formation.
The MSCD shows that overall market sentiment remains vulnerable but not significantly weak as market is waiting for fresh leads.
FBMKLCI
FBMKLCI rebounded from its immediate support around 1,517 which is also its 50-day MA but fell off from the uptrend channel. However, the higher-low is still well maintained. The chart should be able to give a clearer pattern after Monday’s trade. Meantime, all indicators remain bearish.
Local sentiment remained lackadaisical today as investors shun from taking any position while the Sarawak Election has fallen into an impasse. The intra-day Oscillator slid but ended off low at -340.66; lost 372.97 when compares with its starting point. The Average recorded a loss of 233.58.
At the end of the day, %K Line (yellow) of MSCD recorded as -157.32 (-13.86), %D Line (red) -84.29 (-11.95) and the Histogram +8.54 (-20.39). Both indicators slid slightly and the Histogram printed another shorter bar and almost finished its round top formation.
The MSCD shows that overall market sentiment remains vulnerable but not significantly weak as market is waiting for fresh leads. FBMKLCI
FBMKLCI rebounded from its immediate support around 1,517 which is also its 50-day MA but fell off from the uptrend channel. However, the higher-low is still well maintained. The chart should be able to give a clearer pattern after Monday’s trade. Meantime, all indicators remain bearish.
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.)
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