"KSE-100" KSE 100 Weekly Technical Outlook 25 Feb 2013
"KSE100" KSE 100 further Upside Our Prefrence: buy positions above 17689 with target at 18248 and 18305 and 18714 Alternative Scenario: Downward breakage of 17689 will call for 16807 and 16587 Pivot: 17970 1st Support: 17854, 2nd Support: 17634, 3rd Support: 17519 1st Resistance: 18189, 2nd Resistance: 18305, 3rd Resistance: 18525 Mid Points: PP-S1: 17912, S1-S2: 17744 S2-S3: 17576 PP-R1: 18079 R1-R2: 18247 R2-R3: 18415 NOTE: KSE 100 have widened its daily and weekly upward channel last month and is now is moving upward to retest its upper bands at 18714 but still have a resistance between 18248-18305 region, after breakage of 18305 market can touch 18425 this week and weekly closing can be expected near 18340 to 18352 if there would be no real big fundametal news. As its fomatting black crows formation in weekly charts so next week can take reversal of 2 or 3 hundered points to get its indicators normalized.RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3
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