Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment turned stronger immediately after the break though swaying in tight range during the morning session, Thursday. The Oscillator surged to end at its day-high at +1,305.86; gained 705.54 when compares with its opening point. The Average recorded a gain of 744.33.

In MSCD, %K (Yellow) computed as +127.23 (+112.16), %D (Red) +46.62 (+55.84) and the Histogram +24.63 (+13.99).

Technical Analysis
After today’s trade, both indicators moved sharply higher. The Histogram printed a longer bar in the positive area. Market sentiment turned stronger as investors scared for left behind, picked up their favorites aggressively.

In MSCD, %K has exposed to the projected overhead resistance formed by its previous highs. In view of the strong support for today, it is opined that the indicator will break through this barrier and the robust sentiment shall continue.

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