Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment continued to subside despite of gains exhibited by US market. The Intraday Oscillator lost strength and run deep into the red but ended off low at -1,476.32; lost 1,467.41 when compares with its opening point. The Average recorded a loss of 1,538.39.

In MSCD, %K (Yellow) computed as +66.42 (-291.68), %D (Red) +116.30 (-132.43) and the Histogram +99.26 (-37.29).

Technical Analysis
After today’s trade, both indicators fell sharply and the Histogram printed another shorter bar in the positive area.

In MSCD, %K fell and cut %D and broke through its immediate support to test the viability of its uptrend pattern. Once the indicator fell off from the uptrend channel formed recently, market sentiment would go for a lengthy consolidation.

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