Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment defied regional trend but continued to subdue. The Intraday Oscillator slid deep into the red to end at -778.17; lost 750.30 when compares with its opening point. The Average recorded a loss of 773.60.

In MSCD, %K (Yellow) computed as -635.69 (-25.07), %D (Red) -345.65 (-34.25) and the Histogram -199.78 (-22.56).

MSCD - Technical Analysis

After today’s trade, both indicators remains softer and the Histogram printed yet another longer bar in the negative area.

With the Histogram kept on printing longer negative bars market sentiment will continue to be weak and is yet to find its bottom. Eventually, the reporting month ends unexcited.

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