TASI Technical Overview

TASI Technical Overview

Strong structure.

The recent break above the weekly top at 6875 raised confidence for an extended long term advances targeting at least the 7800 level. After having their final targets reached, and with medium term indicators entering deeply in the overbought territory, traders shall wait for any retracement that might provide them with new entry opportunities. Moving to the short term, where the extended correction reached right above the previous intraday bottom, exposing weakness to the prevailing uptrend, a direct break above the 7250 would be needed to confirm further near term Bullish implications.