Technical analysis of Karachi Stocks
1/24/2012 10:46:55 AM
The technical analysis showed that Halal Stocks KMI-30 share index short term MA (15), intermediate MA (45) and long term MA (100) profile expected to remain bullish.
Resistance around 22,104.29 resulted in a marginal break of 21,744.66 support. Could adjust further to 21,552.96~ 21,385.03 area. We view last couple retreats as momentary reaction. As all the profiles are bearish therefore Stay Short!
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