Local sentiment turned into full optimism after FKLCI broke through the 1,600 level decisively, today. Asia markets also rose on hopes for a fresh round of stimulus in US. The Intraday Sentiment Oscillator surged to end at its day-high at +1,328.36; gained 565.42 when compares with its opening point. The Average recorded a gain of 655.79.In MSCD, %K (Yellow) computed as +161.71 (+89.80), %D (Red) +11.32 (+51.58), %A (Pink) -97.79 (+28.43) and the Histogram +98.66 (+12.93).
After today’s trade, all line indicators were shooting stars and the Histogram continued to print longer bar in the positive zone.
Conclusion : Those who follow the MSCD should note that the chart always telling the truth. As mentioned before, once %K returned to the positive zone there would be a rally. Today, the Intraday Oscillator, which has been crawling in tight range for months, shot up to more than thousand points. This is a record not been seen for months. The result was actually boosted by the significant increase of total volume. Those sidelined investors inclusive of traders have returned to market.
Now that %D has followed %K returned to the positive zone, market sentiment will be more stable and resilient albeit the stormy weather in the European sea.
(Note: Explanation on Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.)
1 comment:
Once again Stock market is also rising, peoples are investing money in share market so that they can earn money on daily basis.
Intraday Tips
Post a Comment