TASI Technical Overview

TASI Technical Overview

Signs of support.

With the long term not presenting clear Bullish trending characteristics for now, only a decisive move above the 7250 would indicate towards long term growth in the market. While medium term traders shall remain neutral until evidence of a strong support are provided. While in the short term, an immediate break above the 7000 level would set the way for a further rally and attract traders to accumulate new longs in the direction of 7040 and 7100. At the other hand any drop below the 7930 would cancel any probable Bullish scenarios and accelerate the decline to lower levels.