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Tuesday, June 14, 2011

Malaysia Stock Market - Sentiment Index

Asian markets were higher Tuesday as China's inflation data met expectations, while the Tokyo market was bolstered by the Japanese government's approval of a bill to help Tokyo Electric Power Co. compensate those affected by the nuclear-plant crisis.

Local sentiment was cautious with the Intra-day Oscillator lingering along the neutral level and ended at +88.72; gained 59.53 when compares with its starting point. The Average recorded a loss of 8.44.

At the end of the day, %K (yellow) of MSCD recorded as -142.76 (+24.41), %D (red) -147.90 (+11.16) and the Histogram -7.21 (+3.09). Both indicators rebounded when touching the downtrend channel. The Histogram printed another shorter negative bar to complete its round bottoming.

MSCD shows that overall market sentiment was motivated by regional markets and recovered in cautious mode. Understandably, sentiment won’t be able to really cheer up before having a clearer sky.


FBMKLCI failed to break through the downtrend line and formed a ‘spinning-top’. The candle indicates buyers lost strength after the rebound. The index is still treading to test its all-time support around 1,541.

FBMSCAP ended higher today and formed a white candle. The index has the tendency to edge higher to test the next resistance - 20MA which is around 12,785. Small caps especially construction and O&G counters will continue to attract buying interest due to their undemanding prices and new opportunities.

FBMACE fell as low as 4,181 today but rebounded and printed a doji. The doji indicates market uncertainty and hesitant. The index should be trapped within a tight range until it finds a new direction.

FLASH (Bursah)

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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