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Wednesday, January 11, 2012

Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment defied regional gains but receded though opened in high notes, Wednesday. The Oscillator was seen sliding from its starting point to end off low at +225.68; lost 728.58 when compares with its opening point. The Average recorded a gain of 273.65 due to high opening.

In MSCD, %K (Yellow) computed as +123.41 (+27.31), %D (Red) +40.13 (+18.69) and the Histogram +67.38 (+3.97).

Technical Analysis
After today’s trade, both indicators edged slightly up and the Histogram printed yet another longer bar in the positive zone.

Market enthusiasm receded slightly in mild profit taking, today, but support remained strong as total volume increased to near 2 billion shares. Sentiment should be sustainable as investors are doing treasure-hunting for laggards across the board. As mentioned before, low-liners would take the center stage.

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

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