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Sunday, September 12, 2021

KSE100 Week 36-2021 : The Bulls Start to Wake Up!

 A break below 47000 +/- 300 was observed with a floor break during the week but weekly closing has once again been sustained above the floor. The bulls have begun to wave up but only their continued marching forward will ensure their survivability. Looking forward the stance should be accumulating the dip and protecting the profits. The week ahead will be the decision-maker. There is not much to analyze from this week as its continuation of the same stance. 

Another week closed with a losing market capitalization but the last trading day made the highest gains and the trend is expected to continue in the next. So happy trading and do let us know your feedback in the comments section below. 

Saturday, September 4, 2021

KSE100 Week 35-2021 : Between Downpour and Downtrend!

The week saw another flop performance with 47000 +/- 300 tested once again as support. There has not been any noticeable change in the market performance to highlight in an update. The last trading day of the week was also washed down by heavy rains which have always shown a tendency of triggering panic sell. Read the last few week's updates to get a good glimpse into the most disappointing performance ever. However, we did suspect the bourse to go through a cycle reset which it is doing pretty much. This will open up the upside for a new high. So looking forward, the strategy is to take advantage of the dip and wait for a breakout. 

Market capitalization has remained flat. Gains made in one week were lost in the next. With average weekly capitalizations fluctuating in a narrow range. This doesn't really point towards anything but a painful range-bound market. There is nothing visible in immediate range to speculate on it. Hold with patience and carry on. 

If you enjoyed reading this update do let us know in the comments sections below.