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ASI - All Share IndexCSELK:ASI Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc. ASI on 11/05/2023 01. Index held above the MA 200 and MA 200 is currently providing support. 02. Index moving within the resistance zone and closed with a green candle. 03. MA 100 is going to be the next resistance but MA 100 is being flatted out. 04 On the RSI, the bearish trend line has just been broken towards the upside.
CSELK:ASI
by Captain_Pathum
ASI - All Share IndexCSELK:ASI Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc. ASI on 08/05/2023 01. ASI is at the Current resistance zone 8840-9000 was tested and closed within it. ASI on 08/05/2023 01. Index moved up for 3 consecutive days and currently testing and resting with in the resistance zone. 02. Index closed above the 200 MA. 03. RSI moved above the over sold zone and now moving towards the resistance trend line. A break out from this can be used as one indication.
CSELK:ASI
by Captain_Pathum
ASI - All Share IndexCSELK:ASI Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc. ASI on 04/05/2023 01. ASI, still below the resistance zone, which was the previous support. 02. Current resistance zone 8840-9000 was tested and closed below it. 03. Index closed below 200 MA and it is acting as a resistance. Unless index breaks and close above 200 MA we can't expect a reversal. 04. The pattern inverse CnH is also in play. Theoretically, According to that pattern support zone 8500-8600 is a level to consider. ASI on 04/05/2023 01. The support zone 8500-8600 is the next zone what we can hope to see some relief. FIB 0.5 level is also adjacent to this zone. 02. With this zone the next important supporting trendline 02 is there. In past this was a line where major bounce backs happened. 03. If above conditions breached we will be looking at support zone 8200-8300 with the GOLDEN POCKET. 05. RSI is at a overbought area. When we check the past this, when index reached this zone it made major or minor upward movements.
CSELK:ASI
by Captain_Pathum
ASI - All Share Index[ b]Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc. CSELK:ASI - ASI on 02/05/2023 01. ASI lost the supporting trend line 01 which used to be a bouncing point in few occasions. 02. Current resistance zone 8840-9000 was a strong support in past and it was breached. FIB level 0.382 was in confluence with this zone. 03. Index closed below 200 MA. Closing below long-term MA is a strong bearish sign. 04. The pattern inverse CnH is also in play. Theoretically, According to that pattern support zone 8500-8600 is a level to consider. ASI on 02/05/2023 01. The support zone 8500-8600 is the next zone what we can hope to see some relief. FIB 0.5 level is also adjacent to this zone. 02. With this zone the next important supporting trendline 02 is there. In past this was a line where major bounce backs happened. 03. Index closed below 200 MA. Closing below long-term MA is a strong bearish sign. 04. If above conditions breached we will be looking at support zone 8200-8300 with the GOLDEN POCKET. 05. RSI is at a overbought area. When we check the past this, when index reached this zone it made major or minor upward movements.
CSELK:ASI
by Captain_Pathum
CSE ASI 5/2/2023ASI got a colossal 271 points drop today almost triggering circuit breakers today in bourse! This was the biggest single day drop ever since last year October 11th. As expected from losing rising wedge trendline support market was showing diminished strength even though most of the fundamentals are coming in to place. What to expect * I strongly believe market should bounce hard from 8430-8500 levels. given the long standing trendline support lying there. Pros. * Market is properly oversold, green RSI region has only being pierced once in recent history. Covid era * Fundamentals are flipping * Interest rates are gradually coming down * 0.5 Fib level * Possible double bottom with a good support zone (marked in green) Cons. * DDR uncertainty. * Dollar earning counters are at slight risk due to rupee appreciation * Risk of losing dark green trendline. (further downtrend can be expected, though unlikely, there is a possibility Not IA. just observations..
CSELK:ASILong
by DrBukkabwoi
ASI - All Share IndexDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc. ASI (Left Side) 01. On 17/04/2023 RSI trend line rejected. 02. The supporting trend line rejected. Support zone 9190-9330 rejected. 03. MA 20 crossed MA 50 towards the down side. 04. RSI in a decline. ASI (Right Side) Inverted Cup and handle pattern completed and the neck line lost the support.
CSELK:ASI
by Captain_Pathum
ASI - All Share IndexDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock. Index is seeking support in zone 9190-9330 and closed with a green candle. There is a supporting trend line below this zone which will provide immediate support. MA 20 is looking for a sharp turn and need to look at this in coming days.
CSELK:ASI
by Captain_Pathum
ASI - All Share IndexDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock. 01. A bearish divergence has been formed and validated. 02. Rising wedge pattern also has been confirmed. 03. At the moment MA 50 is showing signs of support and there is a supporting trend line below it. 04. All the MAs are aligned one over the other. 05. At the moment ASI is moving withing an important support zone. Holding this level is important.
CSELK:ASI
by Captain_Pathum
ASIIn the monthly chart ASPI is forming a similar candle pattern as it did just before the previous bull run Based on the last candle and RSI it looks like support is being taken. However MA 9 and 20 does not confirm. MA 20 broke down and retested. There are possibilities of taking trend support of MA 50 support. Unfortunately there is no turnaround signals in the short time frames except 1h. Monday's candle will be crucial. If the price moves up BO of 9700 and holding will be important before we move towards 10k CSELK:ASI
CSELK:ASI
by nafeesmn
ASPI update 3/19 Index has gotten support from the previously broken rising wedge trendline and bounced back well. However there is a slight chance of making a bearish divergence, unless last HH 9773 is broken. However next major resistance is at 10150-10200 range. Note that it will be a tough one. Once broken Next major resistance will 11000-11200 (GP resistance from ATH to last years low). NB - I have used multiple fibs to get resistance, but zoomed in for the viewer convenience
CSELK:ASILong
by DrBukkabwoi
CSEASI - Upward movement to continue?ASI is setting higher support levels, breaking some of the key resistance levels. Higher highs and Higher Lows. Overall sentiment is turning positive, with IMF Board approval about to take place. LKR strengthening against USD and other foreign currencies Rates set to decline Inflation to adjust into single digit later Economy is trying to back on its feet Loss making SOEs restructuring to take place Elections to strengthen the IMF arrangement with main opposition parties in unison trusting no way out other than through an IMF. So 100bps hike to satisfy the requirement of IMF is only a mere arrangement to conclude the deal, hence "Bad News isnt Bad Anymore at CSE" knowing very well this would be the last hike agreed.
CSELK:ASILong
by ArifeenRavin
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