TASI Technical Overview
Posted on Sunday, January 22 2017 at 5:42 am GMT+0000Testing 6700.
The recent long term move above the previous weekly top at 6900 shifted the weekly overview to Bullish raising expectation in the market’s ability to continue its rally targeting at least the 7800 level and a break above that could move the battle even higher towards the 9410 barrier. While the medium term corrective phase has broken through the key support at 7000, signaling for the continuation towards lower levels, in an attempt to find a stronger support level to contain the decline. Hence, Bullish scenarios are placed on hold on both the medium and short term, until daily timeframe can set for a strong support to restart upwards momentum.
| TASI-EN 2017-01-22 |
