Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Local sentiment followed the key index treading in negative path as the index lost about 10 points within the first hour’s trade. The Intraday Sentiment Oscillator slid to end at -355.38; lost 80.63 when compares with its opening point. The Average recorded a loss of 400.63.

In MSCD, %K (Yellow) computed as -344.66 (-10.17), %D (Red) -289.16 (-8.92) and the Histogram -22.69 (-8.20).

After today’s market, both key indicators continued to trend downwards and the Histogram printed yet another longer bar in the negative area.

Market sentiment remains skeptical amidst approaching of the 428 Rally. However, if there is no major conflict occurs in the 428 Rally, %K will rebound from the support as shown in the chart.

The last hour buying, to certain extend, showed investors’ confidence in the market.

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