Kuwait Stock Exchange (Last: 5813.62, down 24.12 points)
The Kuwait
stock exchange as represented by the Market IXP Index is showing a severe
downtrend. The trading action is listless and with low volatility. Despite
being oversold, there are no signs of stabilization in prices. The Index may
stage a modest rise in prices to neutralize the oversold momentum readings but
we favor sell on rise stance till we get a favorable moving average setup.
Trading Strategy: Sell on rise in stocks with negative
Trend Score. Buy on dips in the stock with positive Trend Score. See the Trend Score table below. Also keep a
close watch on the “Trend Score Change” column to get a clue on the velocity
the trend. To understand better please read the “Trend Score Guide” and
“Introduction”.
No comments:
Post a Comment