Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment remained subdued amid more than 14 points gain of the key index as low-liners were mostly left behind. The Oscillator slid into the red after the break and only last minute buying lifted it to end at +41.24, lost 70.92 compared to its opening point at +112.15. The Average recorded as +26.86; lost 29.03 compared to -43.00 of the previous session.

MSCD: After today’s market, %K surged higher and %D cut %A from underneath. The Histogram printed its first positive bar and completed its bottom- rounding process.

MSCD data are appended as below:
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DATE	A_OSC	%K	%D	%A	HGM
12/4/2012	-169.78	-159.53	-147.28	-127.78	-25.53
12/5/2012	111.51	-117.84	-128.10	-119.08	-18.37
12/6/2012	-86.27	-112.99	-125.00	-117.88	-12.30
12/7/2012	55.88	-87.01	-111.60	-111.57	-4.92
12/10/2012	26.86	-69.50	-101.34	-106.53	2.43
LAST+-	-29.03	17.51	10.26	5.03	7.35

Analysis: The golden-crosses of both %K and %D confirm the successful reversal of the market sentiment. However, in view of the low trading volume, it is opined that this is a weak reversal and still vulnerable to impacts. Meanwhile, blue chips are leading the way but low-liners remain in hesitation. Most investors are going for conservative counters.

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