Technical analysis of Karachi Stocks
1/4/2012 12:36:41 PM
The technical analysis showed that Halal Stocks KMI-30 share index short term MA (15), MACD and Stochastic profiles are bullish however, intermediate MA (45) and long term MA (100) profiles are bearish. Resistance around 20,571.75 resulted in a marginal break of 20,226.27 Support. Could adjust further to 19,998.52 ~ 19,880.79 area. We view last couple retreats as momentary reaction. As all the profiles are bearish therefore Stay Short!
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