TASI Technical Overview

TASI Technical Overview

Posted on Tuesday, June 6 2017 at 4:32 am GMT+0000

Neutral outlook.

Having in mind the given trending characteristics, long term traders should remain neutral at current time with the aim to reposition only after stronger technical picture appears on the long term charts. And with the medium term outlook remaining neutral, focus turns towards the short term, where a new uptrend had been initiated following the recent break above 6900. Thus Bullish pressure having pushed the market within the oversold territories, obliged short term traders to wait for any correction that might act as provider for renewed buying opportunities.

TASI-EN 2017-06-06