CSE All Share Price Index

ASI - All Share Index

112
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ASI

ASI

The index didn't manage to break through the resistance of 9300 - 9350 . This is a GP rejection on FIB.

The day closed with a shooting star candle pattern.

There is a bearish divergence created.

A DEATH CROSS scenario is there where the MA 50 has crossed the MA 200 in a declining phase. But at the moment the both MAs are flattened out.

There will be an immediate support from the rend line created by the most recent HH points.

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