“KSE100” KSE 100 further Upside
Our Prefrence: buy positions above 17689 with target at 18248 and 18305 and 18714
Alternative Scenario: Downward breakage of 17689 will call for 16807 and 16587
1st Support: 17854, 2nd Support: 17634, 3rd Support: 17519
1st Resistance: 18189, 2nd Resistance: 18305, 3rd Resistance: 18525
PP-S1: 17912, S1-S2: 17744 S2-S3: 17576
PP-R1: 18079 R1-R2: 18247 R2-R3: 18415
NOTE: KSE 100 have widened its daily and weekly upward channel last month and is now is moving upward to retest its upper bands at 18714 but still have a resistance between 18248-18305 region, after breakage of 18305 market can touch 18425 this week and weekly closing can be expected near 18340 to 18352 if there would be no real big fundametal news. As its fomatting black crows formation in weekly charts so next week can take reversal of 2 or 3 hundered points to get its indicators normalized.
High Risk Investment
Trading foreign exchange, Commodities and Equities (Stocks) on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, Commodities and Equities (Stocks) you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment. You should be aware of all the risks associated with foreign exchange, Commodities and Equities (Stocks) trading and seek advice from an independent financial advisor if you have any doubts
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Accuracy of Information
The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. We have taken reasonable measures to ensure the accuracy of the information on the website; however, it does not guarantee accuracy and will not accept liability for any loss or damage which may arise directly or indirectly from the content or from your inability to access the website, or for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.