Asian stock markets were mostly lower Wednesday on global growth concerns, with a strong yen weighing on Tokyo shares, while the Shanghai market struggled as investors fretted about the possibility of further tightening measures from Beijing.
Local sentiment was seen swaying up and down today as market couldn’t find any strong lead. The Intra-day Oscillator ended at its day-high at +134.86; gained 121.21 when compares with its starting point. The Average recorded a gain of 13.81.
At the end of the day, %K (yellow) of MSCD recorded as -156.78 (+31.00), %D (red) -157.21 (+13.69) and the Histogram -29.30 (+7.43). Both indicators moved higher but remain in the downtrend channel. The Histogram printed a shorter negative bar.
MSCD shows that overall market sentiment is improving but remains in uncertainty as participation is scarce. Low-liners will continue to trade in uncertainty but Smallcaps will take over the leading role.
FBMKLCI
FBMKLCI finished at almost the same level as yesterday and printed yet another Doji today. The Doji indicates investor’s hesitant and looking for fresh lead. Supports remain at 1,550 – 1,541.
FBMSCAP has been tracking upwards with indicators showing positive signs and volume increasing.
FBMACE failed to break the 20MA but low-liners will attempt to move forward as indicated by technical readings and the higher volume.
FLASH (Bursah)
RESINTC PROPOSED BONUS ISSUE OF 68,600,000 WARRANTS IN RESINTECH ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN RESINTECH.
Local sentiment was seen swaying up and down today as market couldn’t find any strong lead. The Intra-day Oscillator ended at its day-high at +134.86; gained 121.21 when compares with its starting point. The Average recorded a gain of 13.81.
At the end of the day, %K (yellow) of MSCD recorded as -156.78 (+31.00), %D (red) -157.21 (+13.69) and the Histogram -29.30 (+7.43). Both indicators moved higher but remain in the downtrend channel. The Histogram printed a shorter negative bar.
MSCD shows that overall market sentiment is improving but remains in uncertainty as participation is scarce. Low-liners will continue to trade in uncertainty but Smallcaps will take over the leading role. FBMKLCI
FBMKLCI finished at almost the same level as yesterday and printed yet another Doji today. The Doji indicates investor’s hesitant and looking for fresh lead. Supports remain at 1,550 – 1,541.
FBMSCAP has been tracking upwards with indicators showing positive signs and volume increasing.
FBMACE failed to break the 20MA but low-liners will attempt to move forward as indicated by technical readings and the higher volume.
FLASH (Bursah)
RESINTC PROPOSED BONUS ISSUE OF 68,600,000 WARRANTS IN RESINTECH ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN RESINTECH.
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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