Recent Trends:
KSE 100 recently saw a downturn, shedding 2500 points over a couple of bearish sessions.
However, the latest session witnessed a bullish surge, adding 1200 points in a single day.
Technical Indicators:
Bullish reversal harmonic pattern and a bullish flag formation suggest a target of 74500.
RSI indicates bullish divergence and is now in sync with the index.
Upcoming Forecast:
The next 2-4 days are crucial; a break above 73300 with a new higher high (HH) and no bearish divergence could signal a bullish market.
Strong resistance zones at 72300-72600 and 73000-73500 must be surpassed for further upward movement.
Beware of the bearish rising wedge pattern; if RSI shows bearish divergence and meets resistance at these zones, a bearish trend may emerge.
Trading Strategy: 📊💼
Trade conservatively with low quantity.
Consider profit-taking by selling on the higher side.
Watch market behavior closely and adapt strategy accordingly. 🧐
Stay vigilant and good luck with your trades! 🚀🌟
KSE 100 recently saw a downturn, shedding 2500 points over a couple of bearish sessions.
However, the latest session witnessed a bullish surge, adding 1200 points in a single day.
Technical Indicators:
Bullish reversal harmonic pattern and a bullish flag formation suggest a target of 74500.
RSI indicates bullish divergence and is now in sync with the index.
Upcoming Forecast:
The next 2-4 days are crucial; a break above 73300 with a new higher high (HH) and no bearish divergence could signal a bullish market.
Strong resistance zones at 72300-72600 and 73000-73500 must be surpassed for further upward movement.
Beware of the bearish rising wedge pattern; if RSI shows bearish divergence and meets resistance at these zones, a bearish trend may emerge.
Trading Strategy: 📊💼
Trade conservatively with low quantity.
Consider profit-taking by selling on the higher side.
Watch market behavior closely and adapt strategy accordingly. 🧐
Stay vigilant and good luck with your trades! 🚀🌟
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.