Resistance Zone - 13300 to 13600
Support Zone - 11000 to 11275
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on...
Colombo Stock Exchange (CSE) All Share Index (ASI) Movement after weekly MACD crossing
Based on last 5 cycles
Avg. Upside since weekly MACD crossing = 41.12%
Avg. duration of upward move since weekly MACD crossing = 109.6 Days
Title:
CSE All Share Price Index (ASPI): Continuation of Good Momentum
Greetings, Traders!
🌟 Hello everyone,
The CSE All Share Price Index (ASPI) continues to exhibit strong momentum, indicating favorable trading conditions in the market.
$CSE_ASPI
Key Observations:
- The ASPI demonstrates sustained momentum, reflecting positive market sentiment...
ASI touched 11000 level after few weeks. This is a critical level and it needs to close upper trend line in this triangle pattern.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and...
Criteria for another Bull market in Stock market of Sri lanka
1. Need to close few more Green candles above 9150 in monthly chart & It should protect 21 EMA in monthly chart
2. RSI should be more than 50 in monthly chart
3. Finally monthly candles should break strong resistance level 10650
Disclaimer: The information and analysis provided in this publication...
This chart and analysis are not financial advice. Do your own research before trading or investing.
01. ASI reaching two trend line resistance associated with a bearish divergence.
02. There is immediate support with 10, 50 DMAs.
03. On the RSI indicator it seems the TL #2 is giving the momentary support.
Support Zone - 10150 to 10350
Resistance Zone - 10800 to 11000
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on...
ASI need to stay above purple line in monthly chart.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content...
The Nigerian Stock Exchange All-Share Index (NSE ASI) continued its impressive performance in the last trading week ended January 12, 2024, registering a significant index gain of 4.24%. The market opened at 79,664.7 and closed the week at a robust 83,043.0. This marks another week of strong bullish momentum.
Leading the pack was the Consumer Goods sector, which...
Anticipating a potential decline in price, the price is poised to reach a robust support zone between 10550 - 10460.
This level aligns with both a trendline support and the 150 EMA, strengthening its significance.
Notably, the MACD signals a bullish divergence. Expecting a descent to the support area followed by a rebound
ASI has indeed shown a breakout and subsequent pullback within the bullish structure identified on the hourly timeframe. We are currently in a phase of anticipation, expecting the price to acknowledge the breached trend line as a support given the recent pullback formation. However, if the price fails to respond positively to the trend line as a support, we could...
On the hourly timeframe, ASI is currently moving within a bearish channel. A false breakout occurred at the hourly support level, leading to a reversal back towards the upper boundary of the channel. The lower highs formed by ASI within the bearish channel indicate a short-term bearish momentum. The recent price reversal respected the upper boundary of the...
The ASPI in the uptrend in the weekly chart. meanwhile in the correction. based on past behavior, the potential support levels are at previous resistance levels as marked up.
this match with following.
MA50 and FB levels of 50% and 61.8%.
I am expecting the support for this correction to be between 9,800 and 10,000 levels.
CSELK:ASI
This chart and analysis are not financial advice. Do your own research before trading or investing.
The ASI continues to hold above the 10-day moving average (DMA) and the support zone ranging from 10800 to 10875.
The upcoming challenge lies at the resistance level of 10960-11120, where the index is expected to encounter the DMA 50. This zone...
CSELK:ASI
This chart and analysis are not financial advice. Do your own research before trading or investing.
The market index concluded the session within the support range of 10800-10875, with the 10-day moving average (DMA) situated in this zone as well. Sustaining this level is crucial, as a failure to do so may lead the index to descend towards the...
CSELK:ASI
This chart and analysis are not financial advice. Do your own research before trading or investing.
At the close of the day, the 'ASI' index displayed strength as it closed within a robust support range of 10800-10875. If this momentum continues, we anticipate encountering the next significant resistance zone between 10960 and 11120, coinciding...
