Local sentiment progressed in cautiousness again with the Intraday Sentiment Oscillator swaying up and down at low level. But, again, continuous nibbling pulled it to end at its day-high at +222.85; gained 167.16 when compares with its opening point. The Average recorded a gain of 77.74.In MSCD, %K (Yellow) computed as -166.38 (+44.37), %D (Red) -242.01 (+25.59), %A (Pink) -242.92 (+12.10) and the Histogram -1.11 (+19.19).
After today’s market, all line indicators continue to point north and %D moves nearer to %A. The Histogram completed its bottom rounding process and about to leap into the positive zone.
Market sentiment continues its cautious mood in scarce participation. As %D remains below %A, the sustainability is still in doubts.
(Note: Explanation on Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.)
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