Search This Blog
Wednesday, May 6, 2020
Week 19-2020 Mid Update
KSE100 has continued to dip since the week opening, treading closer to our third scenario as per the previous update (link-1). Looking forward the trend so far has remained sideways and we expect a moderate dip ahead to act as a refresher and recharge the bulls for taking it to the next resistance level. Support falls at 33600-32800 +/- 100 and resistance remain steady at 34800 - 35500 +/- 100.
Market capitalization has been fluctuating in a narrow range with no significant gains or losses so far.
at May 06, 2020
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...