“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.