Constructed and written by Smartbiz
Local sentiment remains weak and Asian markets mostly traded in losses. The Intraday Sentiment Oscillator slid into the red but last minute buying pulled it to end at its day-high at -87.48; lost 87.48 when compares with its opening point. The Average recorded a loss of 109.55.
In MSCD, %K (Yellow) computed as -142.36 (+5.96), %D (Red) -207.00 (+7.80), %A (Pink) -224.83 (+4.35) and the Histogram +43.24 (+5.35).
All line indicators move slightly higher after today’s trade and the Histogram prints another longer positive bar.
The longer positive bar indicates sentiment remains sustainable. Though total number of loser overwhelmed gainer for today’s session but volume has decreased significantly to 6.54 million shares. Besides, losses were minimal for most low-liners. Investors opted to hold their positions for the time being.
As both %K and %D are still staying above their trigger points, the positive mood is considered intact.
(Note: Explanation on Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.)
No comments:
Post a Comment