Thursday, 8 December 2011

Technical Stock Snapshot

Technical Stock Snapshot

12/8/2011 11:52:14 AM


The technical analysis showed that Halal Stocks KMI-30 share index would be bearish. Resistance around 20,872.62 resulted in a marginal break of 20,347.97 Support. Could adjust further to 20,149.59 ~ 19,624.94 area. We view last couple retreats as momentary reaction. The short-term and intermediate profiles would remain negative therefore stay short.

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