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Wednesday, November 28, 2012

Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment stayed in negative zone despite of the fact that FBMKLCI has returned above the 1,600 level today. The Oscillator slid into the red but ended off low at -31.86, gained 149.53 compared to its opening point at -181.39. The Average recorded as -248.32; gained 285.86 compared to -534.18 of the previous session.

MSCD: After today’s market, %K is flattish and the Histogram continued to print another longer bar in the negative zone.

MSCD data are appended as below:

Analysis: MSCD shows market sentiment has temporarily halted its downside bias waiting for new direction from the key index. Meantime, overall scenario remains the same as no reversal was seen from the indicators and the Histogram continues to print longer bar in the negative zone.

The sustainability of the key index is still under scrutiny.

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

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