ASI Technical Analysis - 5300.00 in Sight Again

spindain · 1 ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 5:43 pm

spindain

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First of all don't panic traders. I am talking about technical point of view. Look at the chart below and some points highlighted.

- ASI failed to make a higher high and big bearish candle to 5680.00 key area. Slight chance of recovery as depicted in the diagnol trend line

- Next key Zone is around 5399 - 5499. We must test this level before going up again as per the technical

- Sweet point around 5312 which is 0.618 Fib level

ASI Technical Analysis - 5300.00 in Sight Again 9510

samaritan · 2 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 5:50 pm

samaritan

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How could one incorporate an unforeseen pandemic situation into technical analysis???
This is called seven star bull shit!

spindain · 3 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 5:53 pm

spindain

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Everyone has an opinion to present Take it or leave it. Do your own shit or eat your own shit.

nish84 · 4 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 5:54 pm

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Tomorrow market up...

dayandacool · 5 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 5:55 pm

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samaritan wrote:How could one incorporate an unforeseen pandemic situation into technical analysis???
This is called seven star bull shit!

Last edited by dayandacool on Wed Oct 21, 2020 5:58 pm; edited 1 time in total

samaritan · 6 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 5:57 pm

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spindain wrote:Everyone has an opinion to present Take it or leave it. Do your own shit or eat your own shit.

Answer my question if you can.

Saraka · 7 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 6:07 pm

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We have to be very careful with the current situation of our country because i believe the corona situation is more than the government shown to us..

SENOX · 8 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 6:27 pm

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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,

madukp · 9 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 6:42 pm

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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.

stockback · 10 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 7:29 pm

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ASI Technical Analysis - 5300.00 in Sight Again Aspi10

spindain · 11 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 7:22 am

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Good luck guys. First hour is very important. Let's see if we can get 50 - 100 pips to the upside which will indicate a quick recovery else it will take time with the dropping revenue and losing momentum.

Make wise decisions !

SENOX · 12 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 7:59 am

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Guys be wise enough to not catch Falling knife …..

have to wait till Friday to get a clear idea about the market

Winner123 · 13 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 8:21 am

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Holding on shares will give you a higher return than selling at the moment. Last quarter our companies have done really well. So dont panic. This pandemic will come to an end soon.

Love Boy · 14 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 8:27 am

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Wait. Index will bounce back today.

SENOX · Last edited by SENOX on Thu Oct 22, 2020 8:39 am; edited 2 times in total

කොළඹ පොලිස් බලප්‍රදේශ කීපයකට නිරෝධායන ඇදිරි නීතිය

subash81 · 16 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 9:11 am

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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.

Correct

kasun_gimhana · 17 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 9:12 am

kasun_gimhana

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When the real economy is deteriorating share market going up. so increasing covid-19 will deteriorate the economy but it is a positive sign for the market because the government will continue quantitative easing. So buy buy companies which have high net asset value(physical asset, not money( monetary asset) .. sell trading stock ASAP.

judecroos · 18 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 9:56 am

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Winner123 wrote:Holding on shares will give you a higher return than selling at the moment. Last quarter our companies have done really well. So dont panic. This pandemic will come to an end soon.

Thank you for the encouraging words laid here for the benefit of all the members.

Pradeep90 · 19 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 10:12 am

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If ASI down to 5000 foreigners will not come until finish the corona..it should recover soon..if not stable current level..

madukp · 20 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 5:53 pm

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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.

See guys, This is why I have told you don't follow the technicals When someone creates artificial panic selling and same time artificial recovering. Truth is CSE should be in a good position now. All the banks and financials are undervalued. see craps are running rallies. These all are manipulations. So no point in finding out technical support levels on the artificially downturned market.

Pradeep90 · 21 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 6:08 pm

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Market Down= manipulators +Panic sellers+ covid fear

Rational Investor · 22 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 6:30 pm

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Pradeep90 wrote:Market Down= manipulators +Panic sellers+ covid fear

+ Promoters from here assisting for the downfall. Very pathetic... pale

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ASI Technical Analysis - 5300.00 in Sight Again

1 ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 5:43 pm

spindain

2 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 5:50 pm

samaritan

3 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 5:53 pm

spindain

4 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 5:54 pm

nish84

5 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 5:55 pm

dayandacool

6 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 5:57 pm

samaritan

7 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 6:07 pm

Saraka

8 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 6:27 pm

SENOX

9 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 6:42 pm

madukp

10 Re: ASI Technical Analysis - 5300.00 in Sight Again Wed Oct 21, 2020 7:29 pm

stockback

11 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 7:22 am

spindain

12 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 7:59 am

SENOX

13 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 8:21 am

Winner123

14 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 8:27 am

Love Boy

15 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 8:31 am

SENOX

කොළඹ පොලිස් බලප්‍රදේශ කීපයකට නිරෝධායන ඇදිරි නීතිය

16 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 9:11 am

subash81

17 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 9:12 am

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18 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 9:56 am

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19 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 10:12 am

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20 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 5:53 pm

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21 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 6:08 pm

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22 Re: ASI Technical Analysis - 5300.00 in Sight Again Thu Oct 22, 2020 6:30 pm

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23 Re: ASI Technical Analysis - 5300.00 in Sight Again

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