Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Market sentiment followed the key index progressed in positive notes for the whole day. The Intraday Sentiment Oscillator managed to stay in high plateau most of the time to end at +539.64; gained 96.70 when compares with its opening point. The Average recorded a gain of 411.82.

In MSCD, %K (Yellow) computed as -124.18 (+97.42), %D (Red) -187.31 (+47.95) and the Histogram +4.11 (+14.75).

After today’s market, both key indicators shot up again and %K pierced through the 100-Day MAV. The Histogram reversed into positive zone after six negative plots.

Market sentiment was optimistic in conjunction with the higher index today. A rally would be possible if the index could break through the 1,600 level and sustainable at that level. Syndicates would, again, heat up their frying pans and add sauce and salt into the market.

Having said that, it is opined that this might be the last leg for the market to rally as the Date of GE is approaching nearer and nearer.

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