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Wednesday, December 19, 2012

Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment remained indifferent to the gains of the key index but moving in cautiousness. The Oscillator slid into the red but last minute buying pulled it to finish off low at +47.41 lost 68.25 compared to its opening point at +115.66. The Average recorded as +19.72; gained 2.25 compared to +17.47 of the previous session.

MSCD: After today’s market, %K hooked higher and the Histogram printed another longer bar.

MSCD data are appended as below:

Analysis: MSCD shows market sentiment is improving but in weak participation. Most retailers are still absent from the market.

OSK says Judging on the momentum of the violation at the 1,655-pt level it is very likely that the critical 1,655-pt level has already been decisively taken out. The research house is expecting the index to continue adding more points from the current level, probably with even greater momentum. While the 1,680-pt historic high is the only major resistance remaining, market participants can still look for two minor resistances situated at the 1,668-pt and 1,670-pt levels. Today, FBMKLCI added 10.86 points to close at 1,665.64.

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

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