S&P SL20 - S&P Sri Lanka 20 Index

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Index is testing the support trend line and closed above the previous close.

The MA 20 is declining towards the rest of the MAs.

Further more if it keeps the supporting trend line intact there will be some hope for the index

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ملاحظة

07. Index has moved above the both 100 and 200 MAs which is a good sign.

08. The trend line of the ascending triangle will act a s minor resistance. Breaking this line will put the index back into the ascending triangle and we can wait for a breakout.