Constructed and Written by Smartbiz
Local sentiment lost steam again amidst gains of regional market, Friday. The Oscillator opened in positive note but slid into red after two hours of trade. The oscillator ended off low at -94.49; lost 550.85 when compares with its opening point. The Average recorded a loss of 31.90. 
In MSCD, %K (Yellow) computed as +51.71 (-15.20), %D (Red) +15.26 (-3.77) and the Histogram +58.12 (-5.42).
Technical Analysis
After today’s trade, both indicators moved further down and the Histogram printed another shorter bar in the positive zone.
Market sentiment became weaker as gaining was fast trimmed by profit taking especially on low-liner. Hopefully, %K will rebound in the vicinity of the zero level; else, the short break will turn into a deeper consolidation.
(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the lower portion of the sidebar.)
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