SMALL CAP INDEX

٢٢ أبريل

Hello & welcome to this analysis

The index gave a sharp bounce back like the rest of the market and is now near a cluster resistance - monthly, weekly & daily @ 16900.

It could consolidate in this zone before trying a breakout for 17500 else dip down to 16000 where it has good support.

Fresh buying in small caps at current levels for short term should be done with caution else wait for breakout above 16900 or dip down to 16000 approx.

١٢ مايو

تم فتح الصفقة

The expected pullback has been completed, now the index is most likely headed for 19000