Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment opened in weakness but gradually picked up with minimal losses. The Intraday Oscillator zigzagged upwards to end in positive zone at +247.19; gained 695.16 when compares with its opening point. The Average recorded a loss of 315.45.

In MSCD, %K (Yellow) computed as +7.69 (-58.73), %D (Red) +84.29 (-31.99) and the Histogram +64.11 (-35.18).

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

%K surprisingly rested exactly on the bottom line of the uptrend channel signals downswing has been alleviated. This was helped by participation of risk appetite of traders. As long as the volume remains around two billion, consolidation will be short and shallow.

Tomorrow’s trade will give us a better picture.

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