Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment was still plagued by the uncertainties of European debt traded in doldrums, Thursday. The Oscillator soaked in the red for the whole session but last minute buying pulled it to end at -442.88; lost 158.34 when compares with its opening point. The Average recorded a loss of 438.71.

In MSCD, %K (Yellow) computed as -199.31 (-43.42), %D (Red) -159.51 (-22.30) and the Histogram -57.72 (+4.48).

Technical Analysis
After today’s trade, both indicators in MSCD hooked lower but the Histogram continued to print another shorter bar.

In MSCD, %K was still trapped in a wedge indicating market sentiment remains under consolidation. Sentiment will be dragged in quiet sessions for some times until the Histogram has completed its round bottoming process.

(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the lower portion of the sidebar.)