Friday, 20 July 2012

KSE-100 Index Trend Score


KSE-100 Index (Last: 14568.21, down 28.38 points)

Profit booking pulled the Index modestly down. The trend remains up and we expect gains in the near term. Target resistance is at 14700 levels while near term supports are at 14500 and 14300. Moving average setup is bullish but RSI is overbought. No signs of a reversal as yet. Keep it up. 

No comments:

Post a Comment