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Thursday, June 16, 2011

Malaysia Stock Market - Sentiment Index

Asian stock markets fell Thursday, with Hong Kong and Sydney markets hitting multi-month lows after a sharp selloff on Wall Street Wednesday, as fears of contagion from a possible Greek default and weak U.S. economic data hurt sentiment.

Local sentiment followed the macro environment steps into pessimism with the Intra-day Oscillator slid all the way down but end off low at -631.51; lost 323.33 when compares with its starting point. The Average recorded a loss of 544.04.

At the end of the day, %K (yellow) of MSCD recorded as -170.88 (-67.82), %D (red) -159.16 (-30.80) and the Histogram -2.95 (-2.19). Both indicators fell and the Histogram printed another shorter negative bar.

MSCD shows that overall market sentiment becomes choppy as global uncertainty persists.


FBMKLCI rebounded when touching the 20MA but lost 0.1% today. The 20MA has given a strong support so far and the index might rebound tomorrow if US market becomes stable tonight. The next resistance is till at 1,558.

FBMSCAP fell to its support at 12,640 and rebounded to end at 12,655 lost 1.1% today. As the index has fallen below 20MA it has to break through this level again to resume its uptrend. Before this, the index must take away the 12EMA which is 12,732 now.

FBMACE followed regional trend and fell 0.6% to 4,233. Indicators show that the index will be sustained along this tight range before breaking the 12EMA and then the 20MA.

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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