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Wednesday, August 28, 2019
Update: Wednesday, August 28, 2019
By: Stock Master
KSE100: After taking a bounce from predicted low, index surged back but faced resistance at DMA10. For bull run to continue, index must close above 30800 on daily basis.
For those in long positions should aim for profit taking between EMA 65 – 75 – 90 on charts of respective individual scrips. Closing above lower EMA set the target for next higher EMA while the lower one acts as support / stop loss. However, we expect market to come down in next few trading sessions.
Technically speaking, 42800 +/- 300 is proving to be a firmly held bottom but overall bears refuse to surface. The major trend remains side ...
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