Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment continued to subside with the Intraday Oscillator slid into the red shortly after opening. The oscillator ended off low at -304.17; lost 431.13 when compares with its opening point. The Average recorded a loss of 412.38.

In MSCD, %K (Yellow) computed as -119.17 (-53.29), %D (Red) -13.14 (-31.95) and the Histogram -45.15 (-15.22).

MSCD - Technical Analysis

After today’s trade, both indicators fell slightly but %D slid into the red. The Histogram continued to print shorter bars in the negative area.

Market sentiment is under consolidation with handful of low-liners dominated the center stage. Trader should stay sideline until the Histogram starts to form a round bottom.

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