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Monday, June 6, 2011

Malaysia Stock Market - Sentiment Index

Asian share markets fell Monday, pressured by last week's disappointing U.S. economic data, while a plunge in Tepco shares—following a report of a massive fiscal-year loss—added to the drag in Tokyo.

Local sentiment remained lackadaisical coupled with declining volume. The Intra-day Oscillator ended off low at -273.22; lost 170.02 when compares with its starting point. The Average recorded a loss of 245.06.

At the end of the day, %K (yellow) of MSCD recorded as -229.65 (-2.80), %D (red) -188.00 (-4.57) and the Histogram -41.66 (+-0). Both indicators continue to slid but the Histogram printed an even negative bar.

MSCD shows that overall market sentiment is exhausting its strength as both indicators were trapped in a new downtrend channel.


FBMKLCI printed a black knight and closed just one point above its immediate support around 1,550 today. As most indicators started to lose strength there is a possibility that the index will fall to test its next support at 1,541.

Both FBMACE and FBMSCAP remain under pressure with no sign of recovery yet.

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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