Malaysia Stock Market - Sentiment Index

Asian shares ended mixed with markets in China dragged by concerns that Beijing could tighten monetary policy in the near term. Most regional markets began the day on an upbeat note after the U.S. Federal Open Market Committee signaled Wednesday that its controversial $600 billion bond purchase program will end in June.

Local sentiment remained weak even at the backdrop of a stable key index. The intra-day Oscillator slid to end at -43.26; lost 295.52 when compares with its starting point. The Average recorded a gain of 15.12.

At the end of the day, %K (yellow) of MSCD recorded as -33.53 (+8.84), %D (red) -27.05 (+2.18) and the Histogram +2.22 (-4.09). Both indicators edged up slightly and the Histogram printed another unnoticeable positive bar.

MSCD shows that market sentiment remained lackadaisical. Low-liners will continue to consolidate and blue-chips keep edging up.

FBMKLCI

FBMKLCI printed yet another bullish candlestick today and finished at its day-high. The index was capped by the Middle Bollinger Band but the momentum is good enough to break this barrier tomorrow.

My Pick: Ecofirs (Qtly Profit turned from loss into gain of 7m+) Entry:>0.19, Stop Loss: <0.17 Resistance: 0.215...

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.)