#KSE: By way of a shooting star formation, market successfully - TopicsExpress

#KSE: By way of a shooting star formation, market successfully attained 33,818 level yesterday with the 14-day RSI (77.85) approaching the bull market momentum resistance between 80 — 90 readings . Additional strength can perpetuate bullishness towards 34,320 level. On the downside, a relapse below 33,629 level would call for minor correction towards 33,562 and 33,344 levels. Lock profits on strength in cements, hold banks while accumulating oil, fertilizer, textile and insurance sectors on dips.

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