Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: The Oscillator failed to sustain its positive march but fell into the red before the break to end at -152.48; lost 418.30 compared to its opening point at +265.82. The Average records a loss of 126.71 but improved by 209.63 when compared with -336.34 of the previous session.

MSCD: After today’s market, %K almost flat but slightly below the uptrend channel. The Histogram printed yet another longer bar in the negative zone.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
17/8/2012	11.42	71.83	67.76	66.25	11.58
22/8/2012	24.69	56.99	60.90	62.94	8.48
23/8/2012	188.22	77.17	70.34	67.50	8.15
24/8/2012	336.34	117.03	90.05	77.27	11.91
27/8/2012	126.71	118.52	92.77	79.07	14.68
LAST+-	209.63	1.49	2.72	1.80	2.77

Conclusion:

Chart shows there is no sign of reversal for market sentiment even with a good start for today’s market. Selective buying on some news-driven counters enables market to maintain its status today. Market sentiment will progress in lackluster mood with bearish bias.

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