Translate This Page

Thursday, December 20, 2012

Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment followed the key index picked up swiftly after the break. The Oscillator climbed uphill to finish at +127.05 gained 164.14 compared to its opening point at -37.09. The Average recorded as +19.72; lost 37.90 compared to +19.72 of the previous session.

MSCD: After today’s market, %K climbed higher and the Histogram printed a slightly longer bar in the positive zone.

MSCD data are appended as below:

Analysis: MSCD shows market sentiment is on track for positive move. It is noted that the move has been supported by ACE counters today with quite a number of them returned to the stage to join the Year-End window dressing.

OSK said the index was likely to trade higher with resistance remains at the 29 Oct low of 1,670 pts that was tested yesterday, as well as 1,675 pts – which the index had failed to hold up in late October. Today, FBMKLCI overcome the 1,670 resistance and facing the next at 1,675.

U.S. stocks fell Wednesday, as investors wait for politicians to reach an agreement that puts an end to the Washington gridlock on the fiscal cliff. On the other hand, the Census Bureau said housing starts fell 3% in November to an annual rate of 861,000.

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

No comments: