Technical analysis of Karachi Stocks
1/20/2012 11:00:34 AM
The technical analysis showed that Halal Stocks KMI-30 share index short term MA (15) and intermediate MA (45) seems bullish, while long term MA (100) profile could remain bearish.
Resistance around 21,019.79 resulted in a marginal break of 20,771.38 support. Could adjust further to 20,675.62 ~ 20,522.97 area. We view last couple retreats as momentary reaction. As all the profiles are bearish therefore Stay Short!
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