Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment followed regional markets opened in strong tone but enthusiasm gradually receded. The Oscillator zigzagged downwards to end at +312.18; lost 520.21 when compares with its opening point. The Average recorded a gain of 526.17.

In MSCD, %K (Yellow) computed as -229.65 (+137.37), %D (Red) -231.28 (+60.62) and the Histogram -66.83 (+17.11).

MSCD - Technical Analysis

After today’s trade, both indicators hooked up and the Histogram printed yet another shorter bar in the negative zone.

The consistency of the Histogram in printing shorter bars is a sign of improving sentiment. But, market sentiment remains choppy as %K is still staying below %D and capped by the downtrend line. No conclusion can be made at this stage.

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