Initially, we planned to have no blog update as only two trading days in the week with no significant move to notice. However, eventually out of habit here is a belated updated. We expect an unstable market ahead due to roll over a week. Major support and resistance are marked below. The strategy is to accumulate on the dip.
Despite the poor market performance, capitalization is sustaining well above the benchmark. This could be the calm before the storm. And a reward is waiting for those patiently holding positions for break out. Monetary policy is expected on 27-July and MTB auction on 28-Jul which means an indecisive week overall.
Great insight. Worth reading. 👍👍👍
ReplyDeleteGreat insight. Worth reading. 👍👍👍
ReplyDeleteMaster, thanks for the update.
ReplyDeleteGreat analysis of the market as usual!
ReplyDeleteKeeping my fingers crossed for good days ahead
Excellent, I always enjoy your blog and indepth analysis. Keep it up. Thanks master
ReplyDeleteOnly hope seems to be a good result season that may kick start KSE out of hibernation
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