Constructed and written by Smartbiz
Market sentiment turned negative as global markets hit by the new political developments in France and Greece. The Intraday Sentiment Oscillator moved downwards to end at -701.66; lost 339.53 when compares with its opening point. The Average recorded a loss of 674.61.In MSCD, %K (Yellow) computed as -208.84 (-84.66), %D (Red) -223.41 (-36.11) and the Histogram +6.20 (+2.09).
After today’s market, both key indicators hooked down and %K fell below the 100-Day MAV. The Histogram printed its second positive bar.
Market sentiment was hit by global uncertainty today but volume decreased to below the 1bln level. Investor adopted a wait and see strategy.
Charts show %K has lost strength as it failed to stage a higher high. Market sentiment will be lingering in hesitation while waiting for clearer leads from global markets.
So long as %K can stay above the support, sentiment would be recovered soon.
(Note: Explanation on Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.)
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