Asian stock markets were mostly higher on Wednesday, with volumes light ahead of the U.S. Federal Reserve's policy decision later, but Australian shares lost ground after higher-than-expected inflation data.
Local sentiment lost steam after the break as key index failed to sustain its gain. The intra-day Oscillator slid to end at -341.75; lost 911.43 when compares with its starting point. The Average recorded a gain of 54.90.
At the end of the day, %K (yellow) of MSCD recorded as -42.38 (+17.68), %D (red) -30.45 (+6.83) and the Histogram +4.43 (-4.09). Both indicators edged up slightly and the Histogram printed another shorter positive bar.MSCD shows that market sentiment has stabilized. Low-liners were consolidating whilst blue-chips were edging up.
FBMKLCI
FBMKLCI printed yet another white Doji today but finished above yesterday’s closing. The index was capped by its temporary resistance around 1,530 and waiting for fresh lead from external factor especially the US market.
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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