Kuwait Stock Exchange (KSE)
Last: 5748.78, up
1.81 points
The Index staged a modest rise after losing ground for four
days in row. As indicated in our earlier post, the risk of breakdown towards
its multiyear low at 5694. The only silver lining visible on the chart is the
emergence of divergence between price and 14 day RSI amid oversold reading but
that is not enough to convince us that worst is over for the market.
No comments:
Post a Comment