Local sentiment failed to sustain its positive mood at opening but retreated gradually due to weaker regional trend. However, last hour buying pulled the Intraday Sentiment Oscillator to end its day-high at +56.22; gained 14.78 when compares with its opening point. The Average recorded a loss of 117.98.In MSCD, %K (Yellow) computed as -188.06 (+12.74), %D (Red) -208.19 (+7.22), %A(Pink) -202.94 (+3.21) and the Histogram +14.79 (+1.34).
After today’s market, both key indicators curved slightly up and the Histogram printed a longer positive bar.
Investors took the cue from a stable FKLCI returned to collect cheap stocks before closing. However, charts show market progresses in hesitation as %K fluctuates in tight range. Since %D remains below %A, market base is still weak.
(Note: Explanation on Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.)
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