Watch out... There is heavy resistance at 5,400
It is likely to go back to 5,100.. Some call it profit taking.,.
Traders beware, if you are a long term investor do not worry.
It is is the simple reverse head and shoulder that is forming.
Some call it cup and the handle.
But where is the handle.
We seen too much upside.. And it's natural..
Why Market need a breather".."coz RSI is above 80% and MacD is to yet to break.
It will eventually break the 200 day moving average.
Just the way it did opposite 1.5 years ago.
But fundamental of Sri Lanka is still not right.
Economy need to get things rights.
Interste rates and inflation need to come DOWN!!!!
Otherwise this boom is simply artificial..
We do not want to be back in square one..