Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

The euphoria continued in local market after a long holiday. The Oscillator opened at nearly 4,500 points today but gain was trimmed by profit taking shortly. However, the Oscillator managed to recoup some gains to end at +2,651.03; lost 1,780.75 when compares with its opening point. The Average recorded a gain of 2,627.44.

In MSCD, %K (Yellow) computed as +594.03 (+369.58), %D (Red) +314.96 (+185.07) and the Histogram +119.50 (+39.89).

Technical Analysis
After today’s trade, both indicators were shooting stars again and the Histogram printed another longer bar in the positive area. Market sentiment went into bullish stage with total volume recorded over 4.3 billion shares and FKLCI gained more than 14 points today.

In MSCD, %K leaped to print a new high and exposed to new challenge. Obviously, the pulling effect will be more vigorous after the breakthrough. Going ahead, the trade volume will play a very important role to retain the rally. As the record breaking volume was largely contributed by low liner, investors should apply more vigilance in their daily trading from now on.

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