Constructed
and written by Smartbiz
Asia markets declined Wednesday as concern that Greece may
be unable to pay off its debt hit sentiment. Technology shares battered in
the wake of disappointing earnings from Apple Inc.
Local sentiment continued its current weakness with the
Oscillator opened in negative zone but last minute buying enable it to end off
low at -348.36; gained 106.88 when compares with its opening point. The
Average recorded a loss of 460.25.
After today’s trade, all line indicators sank even deeper
with %K fell off from the uptrend channel. The Histogram printed
a longer bar in the negative zone.
Data for MSCD are appended as below:
| DATE |
A_OSC
|
%K
|
%D
|
%A
|
HGM
|
| 18/7/2012 | 6.30 | 9.87 | 4.36 | 51.15 | 20.15 |
| 19/7/2012 | 2.54 | 8.74 | 3.85 | 49.20 | 18.64 |
| 20/7/2012 | 46.01 | 0.32 | 6.97 | 49.08 | 16.37 |
| 23/7/2012 | 432.61 | 66.26 | 38.51 | 63.03 | 7.55 |
| 24/7/2012 | 245.60 | 93.84 | 53.86 | 69.67 | 1.96 |
| 25/7/2012 | 460.25 | 150.20 | 83.97 | 83.87 | 14.81 |
| LAST+- | 214.65 | 56.35 | 30.11 | 14.20 | 12.85 |
Conclusion:
FBMKLCI snapped its four day losing streaks with 2.52 points higher
at 1,635.09, today. Local sentiment was indifferent to the impressive debut of IHH
but continued to trend downwards. Loser beats Gainer by 448 to 298 with total
volume of 1.3 million shares.
In MSCD, %K fell off from the uptrend channel and %D met %A. Market
is at the risk of leaping into a mid-term bearishness after today's trade but only due for
confirmation by tomorrow. Analyst’s expectation of the boost from
debut of IHH has gone in vain.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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