Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment subsided in quiet trading before yet another market holiday. The Oscillator slid all the way down to end off low at +87.40; lost 310.13 when compares with its opening point. The Average recorded a loss of 249.54.

In MSCD, %K (Yellow) computed as +122.09 (-67.55), %D (Red) +62.98 (-25.01) and the Histogram +50.09 (+2.26).

Technical Analysis
After today’s trade, both indicators fell but %K rested exactly on the resistance turned support. The Histogram printed yet another longer bar in the positive area. Market sentiment took a rest as investor refused to take position following a market holiday.

Overall picture in MSCD remains intact. The slight setback is just normal cautiousness taken by investor before a holiday. So long as both indicators stay in the positive area, positive sentiment will prevail.

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