Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: The Oscillator lost strength before the break as profit taking emerged ahead of a long holiday. The Oscillator ended at +10.41; lost 450.56 compared to its opening point at +460.97. The Average recorded a loss of 11.42; down by 57.64 when compared with +46.22 of the previous session.

MSCD: After today’s market, %K moves higher to break through the downtrend line but remains under %D. %D almost meets with %A. The Histogram printed a shorter bar in the negative zone but change is insignificant.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
13/8/2012	77.99	73.58	64.56	65.34	11.84
14/8/2012	100.97	77.79	67.26	66.64	11.58
15/8/2012	262.90	106.26	81.76	73.78	14.16
16/8/2012	46.22	82.81	72.27	69.41	13.44
17/8/2012	11.42	71.83	67.76	67.30	11.56
LAST+-	57.64	10.98	4.51	2.11	1.87

Conclusion:

Based on charts, market sentiment has progressed with some added strength but uncertainty remains due to the long holiday. The increasing volume is an evidence of more participation from trader as some low-liners have shown continuous activity. The favorable corporate results also attract some interests.

Until then, wish you all a Happy Holiday!

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