Market sentiment motivated by regional markets opened in positive tone this morning but gradually dampened by profit taking. However, last hour buying pulled the Intraday Sentiment Oscillator to end at its day-high at +529.33; gained 204.21 when compares with its opening point. The Average recorded a gain 239.39.
After today’s market, both key indicators shot higher and the Histogram printed a shorter bar in the negative zone.
Investor has turned optimistic but nibbling shares in cautiousness, today. The optimism was depicted by %K which printed its first positive reading after a streak of two-week negative plots. Another encouraging sign showed by %K is it has broken through %D decisively and now facing the 100 Day MAV. However, in view of the unstable political situation and the uncertainty of the Date of General Election, sentiment is still vulnerable for reversal.
Meanwhile, low-liner should starts to turn lively again. But, the risk remains high as most players are looking for opportunity to unload.
(Note: Explanation on Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.)
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