Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: Market sentiment resumed some strength as the key index gradually recovered from previous losses. The Oscillator lied low most of the times but last minute buying pulled it to end at +77.11; gained 32.52 compared to its opening point at -44.59. The Average recorded a gain of 27.50; improved by 178.89 points compared to -151.39 of the previous session.

MSCD: After today’s market, %K continues to move higher and crosses over %D. The Histogram printed its first bar in the positive zone after submerging for more than two months in the water.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
21/9/2012	10.78	118.90	142.64	124.56	0.61
24/9/2012	514.70	179.77	170.21	138.75	2.40
25/9/2012	73.04	163.36	163.01	136.36	1.99
26/9/2012	151.39	161.52	162.15	136.90	1.46
27/9/2012	27.50	132.45	148.10	130.93	1.96
LAST+-	178.89	29.07	14.05	5.98	3.42

Conclusion:

Investors were treading water in low volume today.  

In MSCD, though %K has crossed over %D again and the Histogram has completed its bottom-rounding process but the scare participation casted doubts on the recovery. More confirmation is needed to confirm the trend. Meantime, market base remains fragile.

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