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Tuesday, November 27, 2012

Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment upset by the continuous falling of the key index turned more bearish today. The Oscillator slid deep into the red to end at -754.22, lost 651.48 compared to its opening point at -102.74. The Average recorded as -534.18; lost 321.25 compared to -212.93 of the previous session.

MSCD: After today’s market, %K fell sharply and the Histogram printed another longer bar in the negative zone.

MSCD data are appended as below:

Analysis: MSCD shows market sentiment ran deeper into pessimism with the gaps between all indicators become wider and wider. Technically, the chart says it will take much longer time for the market to regain the necessary confidence. Any rebound will be short-lived and inviting profit taking.

Now that FBMKLCI has fallen below the 200MV the downtrend of this market bellwether is confirmed.

Note: Explanation on MSCD can be found under "Label" at the sidebar. 

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