Constructed and Written by Smartbiz
Local sentiment recovered after the break from a weaker morning session as regional markets posted impressive gains on China GDP growth, today. The Oscillator was lifted to end at its day-high at +331.58; gained 140.75 when compares with its opening point. The Average recorded a gain of 46.52. 
In MSCD, %K (Yellow) computed as -94.03 (+25.55), %D (Red) -56.35 (+8.23) and the Histogram +20.89 (-14.64).
Technical Analysis
After today’s trade, both indicators edged higher but remained in the red. The Histogram printed another shorter bar. Market sentiment recovered in regional optimism.
Sentiment recovery needs more confirmation as both indicators remain in the red and the Histogram is still in its round bottoming process. However, the rebound of %K before touching the support indicates market is resilient.
(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the lower portion of the sidebar.)
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