TASI Technical OverviewPosted on Thursday, October 27 2016 at 4:27 am GMT+0000
Short term initial targets reached.
Considering the prevailing long term trend characteristics, long term traders shall patiently monitor for clear bullish reversal signs before attempting to acquire any new long positions, where a break above the preceding weekly top at 6880 is needed to confirm further long term advances. Medium term traders having noticed the activation of their new long positions will be waiting the achievement of their targets outlined at 5950 and 6300. And simultaneously initial short term targets being reached at 5850 allowing for partial profit taking and trailing stops higher.