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...
This chart and analysis are not financial advice. Do your own research before trading or investing.
CSELK:ASI
Despite the bearish tone on the weekly chart with a red candle, the daily chart paints a more optimistic picture as it closed with an engulfing bullish candle. Notably, the daily candle successfully closed above the 10-day moving average (DMA),...
This chart and analysis are not financial advice. Do your own research before trading or investing.
CSELK:ASI
After a "Gravestone Doji Candle" closed the previous day, the index saw a red candle, finding support at the 10-day moving average. The next immediate support is at 10662.30, with a broader support zone between 10450-10550.
This could be viewed as...
This chart and analysis are not financial advice. Do your own research before trading or investing.
CSELK:ASI
Following a "Gravestone Doji Candle" closure the previous day, the index ended with a red candle. The immediate support stands at 10662.30, with the next support zone likely at 10450-10550.
The RSI broke TL#3 and is now seeking support from TL #1....
CSELK:ASI
This chart and analysis are not financial advice. Do your own research before trading or investing.
In the weekly chart, the index closed with a bullish green candle, finding strong support within the 10450-10550 range. Additionally, the RSI indicator respected its supporting trend line.
Shifting to the daily chart, a robust green candle formed,...
This chart and analysis are not financial advice. Do your own research before trading or investing.
CSELK:ASI
The index showed a positive sign as it concluded the day with a green candle, following four consecutive days of red candles. Notably, it displayed resilience around the support zone of 10,450-10,550, where the crucial Fibonacci 0.382 level is...
ASI is currently within an upward-trending channel and is expected to undergo a retracement, targeting levels around 9800 (50% Fibonacci retracement) or 9400 (68% retracement) before resuming its bullish momentum.
"The left side is the weekly chart of a stock. In that, the RSI (Relative Strength Index) is showing a strong trend. It seems to be reaching around 10,500. On the other hand, the right side is the daily chart. In that, the RSI is indicating an oversold condition. It may need to come down a bit before reaching 10,500 on the daily chart."
This chart and analysis are not financial advice. Do your own research before trading or investing.
01. ASI has recently closed with a red candlestick pattern, indicating a potential bearish move. A crucial milestone for the next upward trend is breaking through resistance level #1.
02. The region between resistance levels #2 and #3 holds significant importance...
ASPI is moving perfectly inside the channel formed where we see the recent price is being respected on the upper boundary formed. The reversal signals for a retracement back towards the lower boundary formed which is holding close to 50%-61% on the fibonacci retracements.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:ASI
01. Holding the Support 11320-11520!
02. Distribution or Accumulation?
03....
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:ASI
Very clearly price of ASI respects the resistance formed and also the upper boundary created. Here we are expecting to see a correction leg to the downside inorder to accumulate more buying pressure in the market. This correction may retrace back close or below 50% (FIB) on the recent bullish trend formed.
We are looking over into a possible market correction...
