Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Local sentiment regained strength in the afternoon session as FKLI edged higher after the break. The Intraday Sentiment Oscillator surged to end at its day-high at +204.00; gained 38.60 when compares with its opening point. The Average recorded a gain of 88.42.

In MSCD, %K (Yellow) computed as -278.24 (+66.64), %D (Red) -301.87 (+31.23), %A (Pink) -270.30 (+13.54) and the Histogram -39.58 (+15.80).

After today’s market, all line indicators surged and returned to the uptrend channel and the Histogram printed yet another shorter negative bar. %K pierced through %D and prepared to cut %A from underneath.

Chart shows market has built up a good base to edge higher. Sentiment will be improving gradually but remain choppy.

The reversal can only be confirmed after %D (Red) break %A (Pink), the mid-term indicator, decisively. Secondly, total volume must exceed 1.2 billion (40-Day Average) shares to ensure the sustainability.

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