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Sunday, June 6, 2021

KSE100 Week 22-2021: Caution - Speed Breaker Ahead!




The bourse has rallied but is demonstrating stubborn pivotal resistance at 48200 +/- 100 - we do not see this as a good omen. It could be the need for bulls to take a resting spot. Looking forward, the strategy shall be to take advantage of the dips and protect your profits! The week ahead may be an interesting one. 




Market capitalization has once again crossed the benchmark and approaching its dangerous territory at 8300 Bn/PKR - an exhaustion point that has always been the death spot for bulls. Will there be a breakout this time? what are the bulls gonna do? how will the market react? Are the bulls cornered once again? Suspense?? - bring it on! 





13 comments:

  1. Thanks for your assistance Sir

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  2. Seems Range Bound till budget

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  3. Sir I m w8ing correction sothat I can buy pioc dgkc ghni hubco pso

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  4. Interesting week ahead from the write up it seems , let’s hope bulls get traction

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  5. I think market will continue its bull run and break previous record

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  6. I think steel and cement can perform .

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  7. Seems rollercoaster rides ahead!

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  8. Very Good Guideline as always, thanks Brother, stay Blessed 🌹🌹

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  9. Spot on still suspense prevails

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  10. This time we gonna go up Inshallah.

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