Constructed and Written by Smartbiz
Local sentiment followed regional markets traded in mute tone as most investors were still in holiday, Tuesday. The Oscillator was seen hovering in tight range but, again, last minute nibbling pulled it to end at +81.91; gained 0.68 when compares with its opening point. The Average recorded a loss of 25.95.
In MSCD, %K (Yellow) computed as -133.24 (+19.50), %D (Red) -131.56 (+8.45) and the Histogram -39.33 (+9.41).
Technical Analysis
After today’s trade, both indicators edged slightly higher and the Histogram printed another shorter bar below the zero level.
In MSCD, %K exhibited its upward momentum by broken through the resistance line of the wedge pattern decisively. Market sentiment should be picking up soon with increasing volume. Today, FBMKLCI finished above the 1,500 level will add more catalyst to investor’s optimism.
(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the lower portion of the sidebar.)
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