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Tuesday, January 10, 2012

Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment retreated and swayed into negative tone shortly after the opening bell, Wednesday. However, sentiment picked up after the break and the Oscillator surged to end at its day-high at +356.22; lost 71.38 when compares with its opening point. The Average recorded a loss of 91.87.

In MSCD, %K (Yellow) computed as +96.10 (-34.16), %D (Red) +21.48 (-9.07) and the Histogram +63.35 (+2.82).

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

Market sentiment remained intact despite of some profit taking as buying always stepped in during the last hour. The optimism shall remain until %K tested its previous high as shown in the chart.

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

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