ASI 6000 up

Slstock · 1 ASI 6000 up Mon Oct 01, 2012 9:44 am

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ASI 6000 broken.

Slstock · 2 Re: ASI 6000 up Mon Oct 01, 2012 9:45 am

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Bull bears you views now?

laksharemk · 3 Re: ASI 6000 up Mon Oct 01, 2012 10:09 am

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Received a news alert from AdaDerana on ASI 6000.
Ada Derana live coverage of CSE Smile

We need to wait till 2:30 to see the volumes and gap between today's close and 6000 which will help a successful testing of this limit if demands. Else we can keep hopes of an uptrend towards 6300 and 6600 since crossing 200 day MA by 50 day MA within this week is also on the cards.

monash · 4 Re: ASI 6000 up Mon Oct 01, 2012 11:11 am

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Now the question is can the market Sustain 6000 level and move forward? Even though ASI touched 6000, It didn't brake 6000 yet. Seems to be heavy Resistance at this level.

JKH and DIAL played a key role on this artificial ASI movement. Now those counters seems to be at their peak. Interesting to see the situation when selling pressure comes in heavy weight counters such as JKH.

stockmania · 5 Re: ASI 6000 up Mon Oct 01, 2012 3:01 pm

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Onna mama kiwwa widiyata last month end ekedi 6000+ wuna. I am not predicting further. :Deleted:

sahan8896 · 6 Re: ASI 6000 up Mon Oct 01, 2012 3:05 pm

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6300+ end of this month.

Roboticfx · 7 Re: ASI 6000 up Mon Oct 01, 2012 3:12 pm

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monash wrote:Now the question is can the market Sustain 6000 level and move forward? Even though ASI touched 6000, It didn't brake 6000 yet. Seems to be heavy Resistance at this level.

JKH and DIAL played a key role on this artificial ASI movement. Now those counters seems to be at their peak. Interesting to see the situation when selling pressure comes in heavy weight counters such as JKH.

Yes mate, I did a small analysis. There is a big resistance level around 6000. If we can pass and stay beyond the boundary at least 2 days, market will be stable @ 6000+. However, it is much better to be stable after passing 6200.

smallville · 8 Re: ASI 6000 up Mon Oct 01, 2012 6:39 pm

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Considering the last fall of ASI from 7863 region, the bottom we saw and consider as "the bottom" was found somewhere near 4725.
I drew a Fib on these ranges and visually those lie around the following levels;
38.2% - 5730-5750
50.0% - 6090-6100

ASI 6000 up Asi_0110

Now where we stand? still below 6000. It went pass 6000 but has fallen back..

Something important here;
Since 4850 level MACD stayed up all these days and with today's trading it shows a negative diversion. The RSI is moving around 80-82 cycle..

You can see from the second chart below the recent moves from 4725 and the last pattern almost look like a triangle.. (Yes its few days trading so I dont want to jump the gun and mark anything..)
And looking at this chart, the 0% Fib level has even touched..

But where this will head from tomorrow?

ASI 6000 up Asi_0111

Also see the CSE daily report today.. Both domestic and foreign deals are bias towards the selling side.. Only 22Mil net income from foreign deals.

So the foreigners started trading n big time? Laughing

smallville · 9 Re: ASI 6000 up Thu Oct 04, 2012 2:45 pm

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Refer the 2nd chart..

So from the latest Fib levels, 38.2% is around 5480, before that 23.6% is around 5670..

market bull · 10 Re: ASI 6000 up Sun Oct 07, 2012 3:25 am

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still ASI 6000 is possible after seeing some more red days.next level can be 6300.

Slstock · 11 Re: ASI 6000 up Sun Oct 07, 2012 3:26 am

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market bull wrote:still ASI 6000 is possible after seeing some more red days.next level can be 6300.

Happy to see some positiveness.

Hanoifortune · 12 Re: ASI 6000 up Sun Oct 07, 2012 3:18 pm

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market bull wrote:still ASI 6000 is possible after seeing some more red days.next level can be 6300.

I think it will be red days most of the time,as we didn't entertain two last IPOs

Slstock · 13 Re: ASI 6000 up Sun Oct 07, 2012 3:22 pm

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Hanoifortune wrote:
I think it will be red days most of the time,as we didn't entertain two last IPOs

What IPO? And what is the relation to overall market?

wgsaman · 14 Re: ASI 6000 up Sun Oct 07, 2012 5:43 pm

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hard to break 6000 level

market bull · 15 Re: ASI 6000 up Tue Oct 09, 2012 11:39 am

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What IPO's you are talking about.Can you explain little bit.

Hanoifortune wrote:

market bull wrote:still ASI 6000 is possible after seeing some more red days.next level can be 6300.

I think it will be red days most of the time,as we didn't entertain two last IPOs