Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: The Oscillator followed key index slid to end at -252.24; lost 232.66 compared to its opening point at -19.57. The Average records a loss of 336.34 down 148.11 when compared with -188.22 of the previous session.

MSCD: After today’s market, %K fell deeply to test the support of the uptrend channel again. The Histogram printed a longer bar in the negative zone.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
16/8/2012	46.22	82.81	72.26	69.05	13.46
17/8/2012	11.42	71.83	67.75	66.95	11.58
22/8/2012	24.69	56.99	60.90	63.62	8.48
23/8/2012	188.22	77.17	70.34	68.15	8.15
24/8/2012	336.34	117.03	90.05	77.90	11.92
LAST+-	148.11	39.86	19.71	9.75	3.77

Conclusion:

Charts indicated that market sentiment has turned weaker as the key index consolidating its gains. Though some small-cap laggards such as HLIND, KLCCP and BONIA started to play catch-up with impressive gains but overall sentiment will be lackadaisical with bearish bias. Loser will continue to overwhelm Gainer.

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