Correct@madukp wrote:@SENOX wrote:agree with all the point which has mentioned above,
As we seen last few days market daily turnover reached to 5bn and then slowly drop to 4bn then 3bn and then 2.5bn., according to this , there's no need any pandamic news to down market , according to price action this has to happen BY 30%, 5680 KEY level is only remaining hope for the recovery ,
Price has been dropped before making its higher high against to previous nearest resistance level,
Mean market structure is at weak level and sensitive news like covid pandemic has badly effecting to downtrend (according to price action market had to down BY 30% , but in this situation it will be double ,hopefully coming few days will be RED, blood on the floor,
These technicals can't be related to CSE, I'm taking with experience. Today's downfall is a forced one, not a genuine. This can be repeated by several using the pandemic situation and using the fear of margin trading retailers. But the situation will recover in U or V shape in a few weeks.
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