ASPI chart looks very clean and ready to move towards 7300

piras

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ASPI chart looks very clean and ready to move towards 7300.
Volume is good, RSI passed oversold region. CS looks nice.

ASPI chart looks very clean and ready to move towards 7300 Aspi12

Some stocks chart also promising....LWL, CINV, CFVF, VPEL, VFIN, JHK.N (Need some more days to confirm)

https://i.servimg.com/u/f19/19/09/85/28/aspi10.png

worthiness

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From 6th to 10th of April is crucial. Increasing the number of trades would be a positive sign for the next jump just after new year holidays. Green light shown on few mega projects keep alive the market activities hopefully.

VALUEPICK

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My short term range for market is 6800 to 7300. As I said before there should be strong push around 7300 and 7500 to reach over 8000 during next 18n months. Overall market has lot of value stocks. There are plenty of attractive out of favour stocks as well.

Quibit

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7000 would be the next resistance. With Elections being confirmed by UNP Executive Committee and MR Resurfing, I do not think market could reach the earlier levels again until country reach political certainty. If it does it does all investors will gain more than 10% in 1 month. ASI need to gain 700 points? Is it rational to enter now or after elections?

I hope all your market dreams come true and not a nightmare.

nimantha80

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Quibit wrote:7000 would be the next resistance. With Elections being confirmed by UNP Executive Committee and MR Resurfing, I do not think market could reach the earlier levels again until country reach political certainty. If it does it does all investors will gain more than 10% in 1 month. ASI need to gain 700 points? Is it rational to enter now or after elections?

I hope all your market dreams come true and not a nightmare.

mukuth nodanna ganta shape eke anek paththata harenawa dan.paw sell karapu un baya wela.MR resurfing lol.heenen thama.slowly but slowly yahapalane falling into track.

VALUEPICK

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We should see political stability after election forming permanent government or forming permanent national government. Then we will see permanent cabinet as well. Hopefully things will become normal and everybody will live peacefully. Market also will become peaceful. Short term hiccups in markets create opportunities. One positive thing is despite political cycles there were bull markets in the CSE during last 20 to 30 years. It is time to prepare for remaining stages of current major uptrend. New stocks and sectors should lead the market in the latter part of bull market. What are the stocks which didn’t have much movement during last 18 months in the CSE in each and every sector? We need to identify stagnated value stocks having great growth prospects. More than other players, value and contrarian investors will become more active whenever they see opportunity in the market. We should see next trend during this quarter and we should be prepared to grab opportunities. Some opportunities are life time opportunities. Good luck!

piras

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Quibit wrote:7000 would be the next resistance. With Elections being confirmed by UNP Executive Committee and MR Resurfing, I do not think market could reach the earlier levels again until country reach political certainty. If it does it does all investors will gain more than 10% in 1 month. ASI need to gain 700 points? Is it rational to enter now or after elections?

I hope all your market dreams come true and not a nightmare.

Quibit, can you explain how the next resistance will be 7000???

Quibit

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Fib retracement and physiological barrier is at 7000 level.

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Yes currently 7000 is very important psychological barrier. Next psychological barrier is 7500. Just like market trend stocks also have trends. Identifying trend for stocks that we like is better than identifying market trend. We could miss some great winners in the market.

Some non crowded stocks have already bottomed out and there are not much selling on those stocks may be their shareholders must be medium and long term investors rather than short term traders and speculators. This is the time to avoid stocks having many short term traders. Because they can easily become panic and can create volatility.

worthiness

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Festive season keep away locals from market floor. However, market progress in last three trading days in coming week hopefully display an indication how the market would be directed after new year festival. Even after holidays, index may not run up to the previous level with mixed feeling of investors with regard to the political eruptions going on.

Creating a fare political environment would be a plus point to the government fulfilling the main promises given to public in 100 days program. Further, commencement of mega projects temporary halted incurring massive losses would be advantageous & easing the contracting companies listed in the market. Having shifted fish ban & GSP plus from the EU would be an added credit to the government who can induce more foreign investors. Accomplishment such issues are imperative to turnaround the declining market.

The fact, those who involved with frauds network related to many fields launch their full attempt destabilizing investigation process that directly or indirectly bring an impact to the market should not be forgotten. Success depends on how authorities take up such events.

My independent view is MR’s re-surfing will not be a challenge for MS lead government as long as many fractions are in a tug between loyalty & desires. Such fractional views definitely bring some advantages to ruling group.

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Good analysis Worthiness. Thanks for your balanced views.

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We should see beginning of next phase in the market during this quarter while having some volatility in some stocks. Still intermediate trend is up for many stocks. My only concern is volatility in crowded stocks in the short run. Overall we should see beginning of next phase in the market as long as we don’t see any major negative factors.

What are the opportunities in the next phase?

Quibit

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VALUEPICK wrote:We should see beginning of next phase in the market during this quarter while having some volatility in some stocks. Still intermediate trend is up for many stocks. My only concern is volatility in crowded stocks in the short run. Overall we should see beginning of next phase in the market as long as we don’t see any major negative factors.

What are the opportunities in the next phase?

Thanks. Time is in buyers hand.

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piras

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All are set well. I hope we can have a good day+good week.

Thanks Guys

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ASPI chart looks very clean and ready to move towards 7300

1 ASPI chart looks very clean and ready to move towards 7300 Thu Apr 02, 2015 10:13 pm

piras

2 Re: ASPI chart looks very clean and ready to move towards 7300 Thu Apr 02, 2015 11:50 pm

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3 Re: ASPI chart looks very clean and ready to move towards 7300 Fri Apr 03, 2015 2:29 am

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4 Re: ASPI chart looks very clean and ready to move towards 7300 Fri Apr 03, 2015 7:53 am

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5 Re: ASPI chart looks very clean and ready to move towards 7300 Fri Apr 03, 2015 8:29 am

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6 Re: ASPI chart looks very clean and ready to move towards 7300 Fri Apr 03, 2015 8:36 am

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7 Re: ASPI chart looks very clean and ready to move towards 7300 Fri Apr 03, 2015 10:29 am

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8 Re: ASPI chart looks very clean and ready to move towards 7300 Fri Apr 03, 2015 1:29 pm

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9 Re: ASPI chart looks very clean and ready to move towards 7300 Sat Apr 04, 2015 7:47 am

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10 Re: ASPI chart looks very clean and ready to move towards 7300 Sat Apr 04, 2015 10:22 am

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11 Re: ASPI chart looks very clean and ready to move towards 7300 Sat Apr 04, 2015 11:43 am

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12 Re: ASPI chart looks very clean and ready to move towards 7300 Sun Apr 05, 2015 10:22 am

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13 Re: ASPI chart looks very clean and ready to move towards 7300 Sun Apr 05, 2015 10:42 am

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14 Re: ASPI chart looks very clean and ready to move towards 7300 Sun Apr 05, 2015 3:53 pm

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15 Re: ASPI chart looks very clean and ready to move towards 7300 Sun Apr 05, 2015 10:01 pm

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16 Re: ASPI chart looks very clean and ready to move towards 7300

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