Local sentiment remained lackadaisical due to absence of clear leads from regional markets. However, sentiment was boosted by the significant gain of the key index with the Oscillator surged to end at its day-high at +116.57; gained 22.30 when compares with its opening point. The Average recorded a loss of 53.40 due to prolonged weakness.
After today’s trade, both indicators hooked upwards and the Histogram printed a shorter bar in the negative zone.
The gain of more than 10 points by FBMKLCI did give some hopes to the market, today. However, the response by investors remained cautious as no clear lead was seen from the macro situation. On top of this, the sustainability of the key index is still in doubts.
In MSCD, overall scenario shows existing bearishness continues and %K is having quite a number of resistances ahead of it.
(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the lower portion of the sidebar.)
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