Translate This Page

Tuesday, December 11, 2012

Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment lost strength again despite of the continuous gains of the key index. The Oscillator slid into the red after the break but, again, last minute buying lifted it to end at +136.96, gained 23.85 compared to its opening point at +113.11. The Average recorded as +46.10; gained 19.24 compared to +26.86 of the previous session.

MSCD: After today’s market, %K continued to move higher and the Histogram printed its second positive bar.

MSCD data are appended as below:

Analysis: MSCD shows a continuous positive sentiment with last minute buying on blue chips and small-caps before market closing. Small-caps began to react to the positive trend of the key index but ACE counters showed indifference. As %K is moving upwards in a decisive way and the Histogram has returned to the positive zone it is just a matter of time that ACE counters will follow suit to join in the year-end window-dressing.

Today, OSK said the index now stays above the 200-day MAV line, supported by the longer-term positive “Golden Cross” that emerged in February. Nonetheless, the negative bias from the sharp November decline has yet to be fully erased, and the index is still below the 50-day MAV line.

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

No comments: