Local sentiment saved from losses but ended in positive area due to last minute buying as the key index continued to move higher. The Oscillator surged to end at +151.41; lost 74.24 when compares with its opening point. The Average recorded a loss of 110.02.
In MSCD, %K (Yellow) computed as -289.90 (+32.69), %D (Red) -276.89 (+13.36) and the Histogram -31.00 (+4.50).
Market sentiment was motivated by the key index and gradually recovered. However, based on MSCD, the progress is still in doubts as %K is staying below various resistances.
Further to this, the Intraday Oscillator showed profit taking remained taking charge.
(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the lower portion of the sidebar.)
No comments:
Post a Comment