Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment started in high notes but gradually turned negative as selling prevailed. However, last minute buying pulled the Oscillator to end at +311.55; lost 579.30 when compares with its opening point. The Average recorded a gain of 221.91.

In MSCD, %K (Yellow) computed as -334.57 (+101.14), %D (Red) -264.34 (+38.91) and the Histogram -108.01 (+9.44).

MSCD - Technical Analysis

After today’s trade, both indicators reversed upwards and the Histogram printed a shorter bar in the negative zone.

As %K remains below %D and the Histogram didn’t show any affirmative action yet market sentiment will be choppy. The last minute support indicates participation is still there.

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