Constructed
and written by Smartbiz
Asian stock markets were mixed Wednesday after
data showed manufacturing activity deteriorated in several countries in the
region
FBMKLCI eked out limited gains at the back drop
of mixed regional markets to end at 1,632.84 gained 0.87 points. Gainer edged
Loser by 383 to 370. Total volume was 1.354 million shares.
Overall sentiment was staying in cautious mode with the
Oscillator ended at +19.04; gained 92.52 when compares with its opening
point. The Average recorded a loss of 101.83.
MSCD: After
today’s market, %K moved downwards to meet %D at the same level but the Histogram
continued to print shorter bar in the negative zone.
Data are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM |
| 25/7/2012 | 460.25 | 150.20 | 83.97 | 83.07 | 14.81 |
| 26/7/2012 | 61.90 | 117.58 | 73.16 | 77.79 | 20.74 |
| 27/7/2012 | 53.30 | 91.30 | 63.79 | 73.03 | 22.09 |
| 30/7/2012 | 152.85 | 53.75 | 47.74 | 64.81 | 18.87 |
| 31/7/2012 | 87.92 | 31.96 | 37.68 | 59.26 | 13.95 |
| 1/8/2012 | 101.83 | 42.70 | 42.44 | 60.81 | 11.22 |
| LAST+- | 189.75 | 10.75 | 4.75 | 1.55 | 2.74 |
Conclusion:
Based on charts, market sentiment remains neutral with buying
support mostly came only before closing. There is no clear direction indicated
in the chart but the trend is more bearish bias as %K keeps on printing lower
high.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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