Constructed
and written by Smartbiz
Intraday
Oscillator: The Oscillator opened in positive note but, again, gradually slid
into the red to end at -28.27; lost 157.03 compared to its opening point at +128.16.
The Average recorded a loss of 48.46 improved by 269.75 when compared with -318.39 of
the previous session.
MSCD: After
today’s market, %K hooked up slightly but is well off the uptrend channel. The Histogram
printed another longer bar in the negative zone.
MSCD data are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM |
| 23/8/2012 | 188.22 | 77.17 | 70.34 | 67.61 | 8.15 |
| 24/8/2012 | 336.34 | 117.03 | 90.05 | 77.38 | 11.91 |
| 27/8/2012 | 126.71 | 118.52 | 92.77 | 79.18 | 14.68 |
| 28/8/2012 | 318.39 | 149.26 | 109.49 | 87.88 | 19.70 |
| 29/8/2012 | 48.64 | 133.78 | 104.98 | 86.45 | 21.52 |
| LAST+- | 269.75 | 15.47 | 4.51 | 1.43 | 1.82 |
Conclusion:
Chart shows market sentiment is still in weaker mode even there
was some buying interest emerged during the morning session, today. However,
some improvement was seen in today’s market as more active counters were
gainers compared to previous sessions. The revival of low-liners is still
cannot be confirmed.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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