Local sentiment was neutral though most regional markets recovered from yesterday’s huge losses. The Intraday Sentiment Oscillator moved in tight range but last minute buying pulled it to end at its day-high at +193.13; lost 5.82 when compares with its opening point. The Average recorded a gain of 124.91.In MSCD, %K (Yellow) computed as -175.55 (+54.61), %D (Red) -217.15 (+27.38), %A (Pink) -229.25 (+13.16) and the Histogram +38.30 (+0.82).
After today’s trade, all line indicators rebounded from yesterday’s sharp falls and the Histogram printed a longer positive bar.
Though all line indicators rebounded before touching individual trigger points but the gapes have become narrower. Market sentiment will remain in cautious mood and volatile as there is no immediate solution for the global trips, right now.
(Note: Explanation on Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.)
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