Constructed
and written by Smartbiz
Most Asian markets tumbled Friday, joining a global chorus
disappointed with the lack of action from the European Central Bank.
FBMKLCI stayed in negative territory, in line with
the weaker regional markets but, managed to close at 1,635.04 gained 1.59
points. Loser beat Gainer by 402 to 333. Total volume was 0.95 million shares.
Compare with yesterday, overall sentiment was better
with some buying interest emerged before closing. The Oscillator ended at -112.13;
lost 46.31 when compares with its opening point. The Average recorded a loss
of 154.81.
MSCD: After
today’s market, %K fell deeper and %D is just a few steps to cross over %A. The
Histogram printed another longer bar in the negative zone - the bottom-rounding
process was halted.
Data are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM |
| 27/7/2012 | 53.30 | 91.30 | 63.79 | 71.92 | 22.09 |
| 30/7/2012 | 152.85 | 53.75 | 47.74 | 63.75 | 18.87 |
| 31/7/2012 | 87.92 | 31.96 | 37.69 | 58.23 | 13.95 |
| 1/8/2012 | 101.83 | 42.70 | 42.44 | 59.82 | 11.21 |
| 2/8/2012 | 242.03 | 73.36 | 57.23 | 66.44 | 12.20 |
| 3/8/2012 | 154.81 | 85.89 | 64.46 | 69.66 | 14.04 |
| LAST+- | 87.21 | 12.53 | 7.23 | 3.21 | 1.85 |
Conclusion:
Based on charts, market sentiment continues to subside. Participation
has become lesser as volume is shrinking. Market needs more last minute support
to prevent %D to slip below %A.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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