ASI - All Share IndexDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock. by Captain_Pathum0
ASI - All Share IndexDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock. ASI had hold the support zone and created the upward movement. It closed above the support zone with a strong candle. Seems that last 3 trading days bulls had taken the control in the over all market.by Captain_Pathum0
ASI - All Share IndexDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock. Index is seeking support in zone 9190-9330 and closed with a green candle. There is a supporting trend line below this zone which will provide immediate support. MA 20 is looking for a sharp turn and need to look at this in coming days.by Captain_PathumUpdated 0
ASI - All Share IndexDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock. ASI closed below the support 9190 - 9330. Next there is the supporting trend line and important level of support 8840-9000. The MA 20 is showing signs of curving down. by Captain_PathumUpdated 0
ASIAfter making a weak bearish divergence, ASI is being currently pulling back. 9480 will be a vital point for bulls to hold back for reversal.Longby DrBukkabwoiUpdated 10
ASI - All Share IndexDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock. 01. A bearish divergence has been formed and validated. 02. Rising wedge pattern also has been confirmed. 03. At the moment MA 50 is showing signs of support and there is a supporting trend line below it. 04. All the MAs are aligned one over the other. 05. At the moment ASI is moving withing an important support zone. Holding this level is important. by Captain_PathumUpdated 1
ASI 02042023Moving sideways after taking support at fib Golden Pocket. MA 9 Resistance. Formed a short term trend line and taking it as a support. Monitor the line breakdown. RSI holding onto trend support. Took support and retested and looks good to move. Based on the previous analysis ASI should move towards 10,100by nafeesmn0
ASIIn the monthly chart ASPI is forming a similar candle pattern as it did just before the previous bull run Based on the last candle and RSI it looks like support is being taken. However MA 9 and 20 does not confirm. MA 20 broke down and retested. There are possibilities of taking trend support of MA 50 support. Unfortunately there is no turnaround signals in the short time frames except 1h. Monday's candle will be crucial. If the price moves up BO of 9700 and holding will be important before we move towards 10k CSELK:ASIby nafeesmn0
ASIFrom the recent lowest after the ATH, the index pulled back nearly 50 - 60% from the most recent low to high. Early indications are index falling below MA 9 after touching upper Bollinger Band. RSI is at a decisive position, almost touching the trend line support. There is no turn around confirmation for the moment including the shorter time frames. CSELK:ASIby nafeesmn0
ASPI update 3/19 Index has gotten support from the previously broken rising wedge trendline and bounced back well. However there is a slight chance of making a bearish divergence, unless last HH 9773 is broken. However next major resistance is at 10150-10200 range. Note that it will be a tough one. Once broken Next major resistance will 11000-11200 (GP resistance from ATH to last years low). NB - I have used multiple fibs to get resistance, but zoomed in for the viewer convenience Longby DrBukkabwoiUpdated 2
ASI - 3/13 After a big breakout from an IHNS, good profit taking has happened in in ASI, and prices found support in neckline + upper border of rising wedge. many overheated counters were cooled down as well. Banking sector got its much needed pullback! Longby DrBukkabwoi0
ASI 3/12/239600 Support is being tested multiple times. Positive - RSI breakout is now on retest line. ASI is above all the LT- DMAs. by DrBukkabwoi3
ASI 3/5/23ASI has beautifully rejected the rising wedge and managed to close above it, while forming a inverted HNS pattern. RSI has also broken the bearish divergence trendline and closed above it. Next Major resistance will be at 9600, and if prices come down, 9400-9350 (trendline resistance become support) will work as a support. Surprise rate hike of 100bps may not be as bearish as many think! by DrBukkabwoi9
CSEASI - Upward movement to continue?ASI is setting higher support levels, breaking some of the key resistance levels. Higher highs and Higher Lows. Overall sentiment is turning positive, with IMF Board approval about to take place. LKR strengthening against USD and other foreign currencies Rates set to decline Inflation to adjust into single digit later Economy is trying to back on its feet Loss making SOEs restructuring to take place Elections to strengthen the IMF arrangement with main opposition parties in unison trusting no way out other than through an IMF. So 100bps hike to satisfy the requirement of IMF is only a mere arrangement to conclude the deal, hence "Bad News isnt Bad Anymore at CSE" knowing very well this would be the last hike agreed.Longby ArifeenRavin113
CSE - ASI After briefly getting correct due to bearish divergence, index as well as RSI is forming a inverted HNS pattern. However RSI still show some bearish strength until broken the trendline. Candle close above 9356 will be really bullish for the index.by DrBukkabwoi5
CSE ASI & SL20With both indexes finding resistance and the formation of bearish divergence on RSI, it is best to see how far both indexes will retrace down to make the higher low formations. If the bearish momentum continues for the second day both indexes might find support around 10-Day moving averages around (9060 ASI) and (2780 SL20) The most bullish scenario will be for both indexes to break above both resistance zones while creating inverted head and shoulder patterns. Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.by UnknownUnicorn33113667Updated 4
CSEASI - Megaphone Pattern Detected?Just noticed the Index has completed the Wave #5 of the bullish megaphone pattern. I have drawn the new development today using white lines to make it more clear to you. I did not notice if anyone in the community noted this pattern as yet. For every megaphone pattern there should be a prior trend. Prior trend is confirmed, and its bullish in this case, hence a short pullback to the support line 9135 can not be ruled out before continuity of underline trend. As at this moment pattern is near the breakout from the resistance level of 9300. This is no ordinary resistance by the way. And a not so difficult to break out either :) This has 50% outcome of being, good or bad. Simply because near the resistance level we never know the outcome as possibility to end as failed pattern. We can not rule out this will be a failed pattern as well, simply assuming current resistance points. The pattern has rallied the bulls to give another momentous opportunity to break the shackles and go to one level up towards 9600. Wishing good luck to all the bulls. Longby ArifeenRavinUpdated 4
#CSEASIThe index has past resistance around the 9300 mark. The ST bull flag has broken out near the 9300, but not quite yet successfully though. A possible flag and pole pattern break out indicate a possibility to the Index finding resistance around 9600. Support wise there are 2 levels marked in red horizontal lines below current levels. Presently the Index on a pullback to the top of the flag, and should see a break out or a break down to the immediate resistance or support. My biase is bullish due to the flag and pole pattern.Longby ArifeenRavinUpdated 114
CSEASI9300 Resistance has failed to breach. Flag and Pole pattern failed to materialize. support 8800 has now turned resistance. immediate turnaround is expected around its interim support of 8500. Failure will push the index to a long-term support of 8100-8000. Indecision about holding the LG election is also contributing to the downside coupled with Electricity tariff hike approval by PUCSL.Not the ideal time to go bullish but cautious approach to identify GEMS and pick carefully.by ArifeenRavin4
ASI - 06.02.2023Please Note: This is for educational purposes only ASI made a high of 9197 on 03.02.2023. Let's watch how the index is behaving within the highlighted areas. Let's also watch the next swing low formation. RSI need to breakout above the resistance line given there. Let's watch that too. by nisashi114