Constructed and Written by Smartbiz
Local sentiment boosted by overnight gains of US market opened in strong mood but enthusiasm gradually receded due to continuous selling. The Intraday Oscillator slid all the way down to end at +1,045.71; lost 848.35 when compares with its opening point. The Average recorded a gain of 1,023.32.
In MSCD, %K (Yellow) computed as -89.39 (+202.24), %D (Red) +15.21 (+80.68) and the Histogram -16.21 (-22.10).
MSCD - Technical Analysis
After today’s trade, both indicators hooked upwards and %D returned to positive zone but %K in the red. The Histogram printed another shorter bar in the positive area.
Market sentiment exhibited some strength today but buying remained in cautiousness. This is partly due to less participation on low-liners after the timely warnings given by SC.
IN MSCD, %K stays well below %D in the red and and the Histogram remains in its round topping process. Market is still in consolidation. However, as mentioned before, market sentiment will revive sooner if trading volume continues to stay around this level.
(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the lower portion of the sidebar.)
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