TASI Technical OverviewPosted on Tuesday, February 14 2017 at 5:30 am GMT+0000
Signs of support.
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. moving to the medium term, where the daily bottom formation has shifted momentum to Bullish, and a clear break above the 7200 daily top would restore the medium term Bullish picture. Such breakout could also confirm forthcoming higher high on the hourly charts.