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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » ASI CHART support level

ASI CHART support level

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1ASI CHART support level Empty ASI CHART support level Mon Feb 10, 2014 2:00 pm

Rafi hilur


Stock Trader
ASI CHART support level Asi212

The up trending channel line supports at 5850. (Red lines).
If falls below 5850 could come down to 5400 levels.

2ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 2:04 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
4,800 is a reliable support level, you just need to draw the line horizontally on your chart.

3ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 2:17 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Welcome to the forum.  Your first post is something with effort ( not a 1 line comment) so we appreciate.

But  these Tehcnicals should be considered with other factors.  

If people just draw lines and panic not 5400 even 4800 is possible.

But is there a reason to panic and sell like this unless one is holding worthless shares.

If ASI fall to 5850 ( not to mention 5400), that means ASI will loose 4.5% . Mean this year return will be negative again.

So how much do you think COMB, DFCC, DIST , JKH and other shares will be ?

Do these shares  deserved another 10-20% drop is something we should ask. If ASI goes to 5400 how much do you think they will be . Will smart people wait that long without buying?

The main reason for this drop , is the index was dragged down for foreign sales of JKH , COMB etc. Also some retailer are taking profit from some shares that went up.

Other retailers  follow the trend to panic and sell  good  shares also. Some wise people  know what to do slowly.

After this Human right scare is over..... ( you fill in the blanks)

4ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 2:43 pm

Rafi hilur


Stock Trader
I mean the upper channel line is still bullish and in an uptrend. It may not fall below 6000. (Max 5850-5900)

200 MA also gives strong support at 6000

In case if ASI falls below the lower channel line, then we need to evaluate at that time. This is very unlikey

5ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 2:47 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@slstock wrote:
After this Human right scare is over..... ( you fill in the blanks)

Then We need to wait until 28th MARCH to ride on the Bull... still more than 6 Weeks time...
Are you serious Slstock Downturn continue until End of MAR??? Shocked  Shocked  Shocked 

Ohhh My God I couldn't Imagine if the ASI Goes to 4800 then all craps can collect in Cts?? Shocked Shocked

6ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 2:50 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
After this Human right scare is over definitely you can see a upward trend

Human right scare is only a physiological problem

It will not be a real problem to the economy.

Even the resolution is passed .govt will be given a chance to correct

and face reality.

7ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 2:51 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Seriously Jana !!!! You have been here far too long to know better.

Must be for 100 time am saying this :

No market can/will stay red or green for long periods





@Jana wrote:
@slstock wrote:
After this Human right scare is over..... ( you fill in the blanks)

Then We need to wait until 28th MARCH to ride on the Bull... still more than 6 Weeks time...
Are you serious Slstock Downturn continue until End of MAR??? Shocked  Shocked  Shocked 

Ohhh My God I couldn't Imagine if the ASI Goes to 4800 then all craps can collect in Cts?? Shocked Shocked

8ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 2:59 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@slstock wrote:Seriously Jana !!!!  You have been here far too long to know better.

Must be for 100 time am saying this :

No market can/will stay red or green for long periods


yes Slstock even in this point if I come out I am not effect that much .. But I couldn't imagine 4800 level..

anyhow good or bad I like to stay away from the market so I like to sell all within week...will see later.. at least I can safe my money which is deposit in mkt

9ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 3:11 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Sigh ..   we were kidding .

Market will NOT go to 4800 or 5400  Human right or not if CSE as an ounce of sense ( I am deducting the fact  there is no  major unexpected  happening beyond our control which can apply to any market ) .

I will be suprised even if ASI should fall to 6000
I expect market to turn around sooner than later ( at least short term)  when these foreign selling stops.


Foreigners are selling

DIAL at Rs 9 which they probably bought at Rs 6  
COMB at Rs 120  which they bought at Rs 100 or much lesser
JKH at Rs 230,  which they bought at Rs 175 or much lower.

Sri Lanka retailers are probably selling JKH after buying it at Rs 250 and selling now at Rs 230.  




@Jana wrote:
@slstock wrote:Seriously Jana !!!!  You have been here far too long to know better.

Must be for 100 time am saying this :

No market can/will stay red or green for long periods


yes Slstock even in this point if I come out I am not effect that much .. But I couldn't imagine 4800 level..

anyhow good or bad I like to stay away from the market so I like to sell all within week...will see later.. at least I can safe my money which is deposit in mkt

10ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 4:07 pm

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
Now who sells foreigners sell in green?Today also outflow.There selling has made market red.

11ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 4:15 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@slstock wrote:Sigh ..   we were kidding .

Market will NOT go to 4800 or 5400  Human right or not  if CSE as an ounce of sense ( I am deducting the fact  there is no  major unexpected  happening beyond our control which can apply to any market ) .

I will be suprised even if ASI should fall to 6000
I expect market to turn around sooner than later ( at least short term)  when these foreign selling stops.


Foreigners are selling

DIAL at Rs 9 which they probably bought at Rs 6  
COMB at Rs 120  which they bought at Rs 100 or much lesser
JKH at Rs 230,  which they bought at Rs 175 or much lower.

Sri Lanka retailers are probably selling JKH after buying it at Rs 250 and selling now at Rs 230.  






Thanks Slstock , you gave me some confidence .. I am totally confuse because of my credit.. all ways you point out me about crap , credit issues but still I trap by that..

12ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 4:23 pm

mark

mark
Expert
Expert
wow 4800 Very Happy Very Happy

13ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 5:11 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
WAIT. ( I meant if you are planning to buy anything as an investment)

14ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 7:34 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Yes, scary events are going on round the clock in this country except the CSE screen so far. Technical analysis still displays the room for consolation. Direction given by last trading day of this week would be the turning point..I guess..

15ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 9:28 pm

econ

econ
Global Moderator
I think foreigners are selling for some reasons.  I wish I could exit the market early last week. but unfortunately I am having massive unrealized losses due to share holding since 2011. I was expected this bull run go at least 6500 and exit with marginal capital losses.. now it seems that that never gonna happened and need to hold my portfolio for long term again..

16ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 10:14 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
We all should try to change few individuals who mismanaged economy under this govt

Govt change is not possible under present circumstances

Some people mislead the govt

Stock market problem is directly connected with mismanagement and manipulation of stock market by govt authorities

Political authorities will realize this very soon

until such time pl hold fundamentally sound stocks

17ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 10:47 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@econ wrote:I think foreigners are selling for some reasons.  I wish I could exit the market early last week. but unfortunately I am having massive unrealized losses due to share holding since 2011. I was expected this bull run go at least 6500 and exit with marginal capital losses.. now it seems that that never gonna happened and need to hold my portfolio for long term again..

I think many of us were in this stage....
me too expected 6500 this time......

it seem we had all to see that level except this MARCH drama....

by now, I believe...until MARCH drama finish no clear jump... except GOVERNMENT/ETF/EPF buy stocks... but yet they buy solid and strong counters... not all counters...

Seems like now it shaping to see the next JUMP.... just after DRAMA and next results....
until then some counters may JUMP, BUMP and FLY....
Buy happy to stay in POSITIVE...
BUT I never expect 5000, and even I don't expect 5400,
15% chance to touch 5600... even it touch it it may not stay one week that level....,
Thats how I feel.....!!!

GOOD TIME a head... ti nicely WAIT and CATCH the BEST COUNTERS! @BEST PRICE! for LONG TERM!

GL !  Arrow Arrow 

18ASI CHART support level Empty Re: ASI CHART support level Mon Feb 10, 2014 11:23 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
Did n't we had this drama in last year also. Market recovered at the end of first week of March. I think till end of this month will provide good buying opportunities.

19ASI CHART support level Empty Re: ASI CHART support level Tue Feb 11, 2014 9:16 am

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:Sigh ..   we were kidding .

Foreigners are selling

DIAL at Rs 9 which they probably bought at Rs 6  
COMB at Rs 120  which they bought at Rs 100 or much lesser
JKH at Rs 230,  which they bought at Rs 175 or much lower.

Sri Lanka retailers are probably selling JKH after buying it at Rs 250 and selling now at Rs 230.  



I definitely love this part Very Happy
If market keep some downward trend and JKH follow the trend or vice versa,
one strategy will be collecting JKH. which actually benefited me in past. (from post-right announcement dates of JKH.)
following blue chips is less risk. Butt here may be dozens of counters which may given more return.






20ASI CHART support level Empty Re: ASI CHART support level Tue Feb 11, 2014 9:50 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Rafi hilur wrote:ASI CHART support level Asi212

The up trending channel line supports at 5850. (Red lines).
If falls below 5850 could come down to 5400 levels.
Thanks Rafi Smile

Had a look at ASI chart this morning on my screen.
Looks a short term down ward trend may rebound of 6080-6015 to wards 6400-6500 This is basically a 50% retracement of the last peak & keeping in line longterm harmonic pattern.
The previous HIGH of 6250 was broken last time, and surely the break of the RES was triggered in JAN 2014 will see through in my opinion go beyond 6500 Smile this year.
The down ward risk will come to play if ASI 6000 barrier is broken, until then BULLISH sentiments would not be affected.

Good luck
TAH

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