TASI Technical OverviewPosted on Sunday, March 18 2018 at 6:25 am GMT+0000
Initial targets reached.
No major developments are being felt in the long term trend and the picture remains obviously Bullish. Long term traders long from 7120, are still joining their profits after the market reached their initial targets and will hold their positions long as the medium term uptrend remains intact. On the daily timeframe, after a period of weakness, momentum built up driving the share above 7550. That move opened the way for additional gains in the direction of 7700 which had been reached and the 7910 in the forthcoming couple of days given the market conditions remain the same. Medium term traders long from 7550 having reached their initial targets can take the chance to trail their positions towards their entries to protect their gains against any surprising change in momentum, whereas shorter term traders can monitor for a break above 7840 and instate some new positions in order to join the rally.