Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment gradually retreated from its strong opening until last hour buying lifted the Oscillator to end at +960.65; gained 275.39 when compares with its opening point. The Average recorded a gain of 541.58.

In MSCD, %K (Yellow) computed as +13.80 (+95.93), %D (Red) -11.70 (+44.28) and the Histogram +7.19 (+4.58).


Technical Analysis
After today’s trade, both indicators reversed upwards and %K hopped into positive zone to cut %D from underneath. The Histogram printed its first longer bar after six weaker sessions.

Market sentiment showed some excitement today with buying support emerged just about one hour before closing. The last hour show was not totally due to Luna New Year window-dressing; instead, look like investors had prepared to shrug off various worries but to join in the regional trend.

Base on charts, buying strength should continue after Chinese New Year if global situation remains status quo or improves further. However, some analysts said this might be the last leg of the minor rally started since October last year. The rally will possibly be tripped earlier on the announcement of the General Election. Until then,

Wish You A Happy Holiday and Chinese New Year!

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