TASI Chart Brief Analysis

**Current Status:**
- **Index Value:** 11,659.940
- **Daily Change:** -171.280 (-1.45%)

**Trend:**
- Bearish trend with lower highs and lows.
- Recently broke below the rising channel.

**Support and Resistance:**
- **Support:** 11,473.273, 10,390.034
- **Resistance:** 11,850.000

**Indicators:**
- **Ichimoku Cloud:** Trading below the cloud, indicating bearish momentum.
- **MACD:** Bearish crossover with a negative histogram.
- **Oscillators:** Oversold conditions, potential short-term rebound.

**Trading Ideas:**
- **Short-Term:** Short positions with targets at support levels, stop loss above 11,850.000.
- **Long-Term:** Wait for a reversal above the Ichimoku cloud for long positions.

**Note:** Combine technical analysis with fundamentals and market news.

DrSaud1

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