Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: The Oscillator fell into the red shortly after the opening and slid all the way down to end at -448.72; lost 460.81 compared to its opening point at +12.10. The Average recorded a loss of 318.39 weaker by 191.69 when compared with -126.71 of the previous session.

MSCD: After today’s market, %K fell off from the uptrend channel and %D is well below %A now. The Histogram printed another longer bar in the negative zone.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
22/8/2012	24.69	56.99	60.90	63.04	8.48
23/8/2012	188.22	77.17	70.34	67.60	8.15
24/8/2012	336.34	117.03	90.05	77.37	11.92
27/8/2012	126.71	118.52	92.76	79.16	14.68
28/8/2012	318.39	149.26	109.48	87.86	19.70
LAST+-	191.69	30.74	16.72	8.70	5.02

Conclusion:

Chart shows market sentiment fell into deeper pessimism while the key index continue its consolidating process. The fact that %K eventually violated the trend support further confirm market bearishness. Chronically, more and more retailers will opt to sideline leaving those institutions to jack up the index.

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