Asian stock markets were mostly higher on Thursday, as stronger oil and commodities prices buoyed risk appetite and regional oil stocks, while the Sydney market got a further lift from solid capital spending data.
Local sentiment boosted by gains of key index progressed into positive zone after the break. The Intra-day Oscillator climbed to end at its day-high at +169.22; gained 241.72 when compares with its starting point. The Average recorded a gain of 43.56.
At the end of the day, %K (yellow) of MSCD recorded as -110.88 (+28.07), %D (red) -107.85 (+12.12) and the Histogram -10.81 (+1.94). Both indicators edged slightly higher and the Histogram printed a shorter negative bar.
MSCD shows that overall market sentiment did not have significant change but resilient to selling pressure. Low-liners will continue to face selling pressure but index-linked counters will gradually return to stage due to robust earnings report.
FBMKLCI
FBMKLCI finished just one point below the 1,541 level again today indicates the 1,541 level is a tough level to break. However, there is a possibility that the index will make another attempt tomorrow as most indicators have turned aggressive now. The next resistance is 1,544 and support 1,533.
Both FBMACE and FBMSCAP were still in bad shapes.
Local sentiment boosted by gains of key index progressed into positive zone after the break. The Intra-day Oscillator climbed to end at its day-high at +169.22; gained 241.72 when compares with its starting point. The Average recorded a gain of 43.56.
At the end of the day, %K (yellow) of MSCD recorded as -110.88 (+28.07), %D (red) -107.85 (+12.12) and the Histogram -10.81 (+1.94). Both indicators edged slightly higher and the Histogram printed a shorter negative bar.
MSCD shows that overall market sentiment did not have significant change but resilient to selling pressure. Low-liners will continue to face selling pressure but index-linked counters will gradually return to stage due to robust earnings report.FBMKLCI
FBMKLCI finished just one point below the 1,541 level again today indicates the 1,541 level is a tough level to break. However, there is a possibility that the index will make another attempt tomorrow as most indicators have turned aggressive now. The next resistance is 1,544 and support 1,533.
Both FBMACE and FBMSCAP were still in bad shapes.
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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