Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment turned cautious as analysts said the key index was near peak. The Oscillator finished at -90.56, lost 121.37 compared to its opening point at +30.82. The Average recorded as -102.57; lost 188.26 compared to +85.69 of the previous session.

MSCD: After today’s market, %K hooked slightly down but the Histogram continued to print positive bars.

MSCD data are appended as below:
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DATE	A_OSC	%K	%D	%A	HGM
12/7/2012	55.88	-87.01	-111.60	-111.53	-4.91
12/10/2012	26.86	-69.50	-101.34	-106.50	2.44
12/11/2012	46.10	-51.72	-90.42	-100.95	9.69
12/12/2012	85.69	-30.59	-77.37	-94.16	17.11
12/13/2012	-102.57	-41.66	-79.24	-94.47	21.20
LAST+-	-188.26	-11.07	-1.87	-0.31	4.09

Analysis: MSCD shows market sentiment has turned cautious but remains on track. Retailers mostly stayed sidelined while watching on the sustainability of the key index.

OSK wrote today: While the bulls are charging forward with great confidence at the moment, we would like to warn that a potential “Head and Shoulder” bearish reversal pattern may be formed should the FBM KLCI fail to crack above the 1,655-pt level, which is the peak recorded in Aug 2012.

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