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Wednesday, November 27, 2019
KSE 100 - The Green Comeback - Update 27 Nov
Market maintained its see-saw trajectory which remains the hallmark of rollover period and honored its first support at 37700 +/- 100 points as predicted on 26 Nov. Impact of political noise appeared minimal. Today's dip once again presented an opportunity for short-sellers to exit their positions while investors accumulated on dip.
Looking forward, we reinstate out expectations of 38500-38900 +/- 100 points as next resistance level and do nothing other than wait.
Technically speaking, 42800 +/- 300 is proving to be a firmly held bottom but overall bears refuse to surface. The major trend remains side ...
The week started off with the COVID-19 Omicron variant washing global markets into deep red, causing the index to briefly hit its second ma...