Lets hope for the best.
Stocks to watch are DIAL, DIST, HHL, all with good underlying fundamentals.
Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
HOTEL AND TRAVEL SECTOR TILE AND CERAMIC SECTOR
EXPORT SECTOR LAND AND PROPERTY SECTOR TELECOMMUNICATION SECTOR
TRADING SECTOR DIVERSIFIED HOLDINGS SECTOR EDUCATION SECTOR
Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.Contribute
Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.Contribute
DDIALOG AXIATA PLC
HAYLEYS FABRIC PLC
HVA FOODS PLC
JOHN KEELLS HOLDINGS PLC Hot
JOHN KEELLS HOTELS PLC
LANKEM CEYLON PLC
LAUGFS GAS PLC
NATION LANKA FINANCE PLC
NESTLE LANKA PLC
PIRAMAL GLASS CEYLON PLC
ROYAL CERAMICS PLC
SOFTLOGIC LIFE INSURANCE PLC
SRI LANKA TELECOM PLC
TESS AGRO PLC
VALLIBEL ONE PLC Hot
Hope your sideline approach is over now.@Rapaport wrote:Sitting on the wall!
The ASPI has crossed the 200 day moving average at 5950.@DUWI wrote:The market is interestingly poised just below the 200 day moving average of 5920 on the All Share Price Index. Another key resistance level is at 5930. If the ASPI gets above these levels in the next few days and hold on to its gains, a concerted run can be expected, hopefully augmented by a cut in the policy interest rates by the Central Bank.
Lets hope for the best.
Last edited by Antonym on Fri Oct 11, 2013 7:49 pm; edited 1 time in total (Reason for editing : Added: 50-DMA has crossed below the 200-DMA)
DUWI and Rapaport:@Rapaport wrote:Not yet over
Has to cross with significant volume.
And i dont understand why you think my reasons will hold for months/years
It was based on circumstances at that time.
I wonder whether any other users are tracking progress of the moving averages: The 20-day MA has now crossed above the 200-day MA (at 5980), which means that the bulls have the upper hand, and the market's upward momentum is likely to continue.@Antonym wrote:
For confirmation of this trend, I would like to see the 10-day, 20-day and 50-day Moving Averages also crossing above the 200-day MA, which would generate a strong Buy signal. Watch this space...
@Rapaport wrote:Antonym i usually follow 50, 100 and 200 day moving avgs. 50 day MA crossing 200 will indeed be a good sign.
The 10 and 20 day MA can be a bit too volatile at times...
I was collecting from beginning December and bullish from end December. There is a 'W' pattern formed over 6 months which is also bullish
I agree with u 100%
There are many other factors which need to be looked into including the state of the economy, reduced interest rates, retailer interest and speculation, increased volume traded, continuous interest at the market by all participants, interest in value shares and their price appreciation, etc
When you combine with positive technicals, gives us hope..
Luckily we are seeing most of these factors today and hopes are high!
Permissions in this forum:
You cannot reply to topics in this forum