Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: The Oscillator made a U-Turn to return to positive zone before the break. Last hour buying lifted it to end at its day-high at +274.79; gained 149.26 compared to its opening point at +125.53. The Average recorded a gain of 46.22; improved by 309.12 when compared with that of the previous session.

MSCD: After today’s market, %K hooked up, save from falling below the uptrend channel. %D remained slightly below %A. The Histogram printed a shorter bar in the negative zone. There is no obvious indication from the bar chart.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
10/8/2012	73.64	72.78	63.49	65.09	12.54
13/8/2012	77.99	73.58	64.56	65.56	11.83
14/8/2012	100.97	77.79	67.26	66.85	11.57
15/8/2012	262.90	106.26	81.76	73.97	14.16
16/8/2012	46.22	82.81	72.28	69.60	13.43
LAST+-	309.12	23.45	9.48	4.37	0.72

Conclusion:

Based on charts, market sentiment has made some improvement but remains in weakness as %K was capped by the downtrend line and also stayed below %D. However, the increasing volume and the strong last hour buying is a sign of the return of some investors. This might be motivated by the all-time high index and its sustainability. But, the uncertainty remains.

Note: Explanation on Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.