Translate This Page

Friday, September 16, 2011

Malaysia Stock Market - Sentiment Index

Stock markets rose in Asia Thursday after France and Germany stood behind Greece and backed it to stay in the eurozone despite ongoing concerns about its ability to overhaul its economy.

The news provided some much-needed relief for markets, which had suffered heavy selling pressure this week amid fears Athens could default on its debt obligations or even be forced out of the eurozone.

On the contrary, FBMKLCI slid below the zero-level after the break. Sentiment reversed into pessimism with the Intra-day Oscillator slid all the way down to finished at -234.24; lost 448.84 when compares with its starting point. The Average recorded a loss of 69.31.

At the end of the day, %K (Yellow) of MSCD recorded as -152.87 (+15.19), %D (Red) -230.50 (+12.90) and the Histogram +86.10 (-2.12).

Both indicators edged slightly up but the Histogram printed another shorter bar above the Zero-level.


Market sentiment defied regional trend and traded in lackadaisical mode. Investor simply has no confidence in the market development. As %K is moving along the projected downtrend line and the Histogram continues to print shorter bars, market sentiment will continue to subside until %K tested the support provides by %D. Any rebound should be short-lived.

FBMKLCI printed yet another black candle but rebounded before touching its support around 1,423. The downswing was seen alleviated but there should be no significant improvement in times ahead as all indicators still staying in negative area.

FBMACE printed a “Doji” and might reverse its charting pattern. But, upward movement should be capped around the downtrend line.

(Morning Flash: Dow Jones gained 186 points, last night)

Constructed and Written by Smartbiz (Chart of FBMKLCI extracted from ChartNexus)

(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the lower portion of the sidebar.)

No comments: