Local sentiment remained weak as regional markets plagued by European uncertainty again. The Oscillator ended at -430.84; lost 361.75 when compares with its opening point. The Average recorded a loss of 422.55.
In MSCD, %K (Yellow) computed as -315.58 (-19.44), %D (Red) -263.93 (-12.69) and the Histogram +5.68 (-14.33).
After today’s market, both indicators fell deeper and the Histogram printed yet another shorter bar in the positive zone.
Market sentiment remains weak and %K is going to test yet another support formed by previous lows. %K should move sideways for a while if the support holds.
(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.)
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