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ASI Technical Analysis - 5300.00 in Sight Again Vote_lcap68%ASI Technical Analysis - 5300.00 in Sight Again Vote_rcap 68% [ 178 ]
ASI Technical Analysis - 5300.00 in Sight Again Vote_lcap18%ASI Technical Analysis - 5300.00 in Sight Again Vote_rcap 18% [ 47 ]
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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » ASI Technical Analysis - 5300.00 in Sight Again

ASI Technical Analysis - 5300.00 in Sight Again

+11
subash81
Love Boy
Winner123
stockback
madukp
SENOX
Saraka
dayandacool
nish84
samaritan
spindain
15 posters

Go down  Message [Page 1 of 1]

spindain


Equity Analytic
Equity Analytic
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

SENOX likes this post

samaritan


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


_________________




The biggest risk in life is not taking any risk at all.

judecroos likes this post

spindain


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

nish84


Manager - Equity Analytics
Manager - Equity Analytics
Tomorrow market up...

dayandacool

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

Very Happy Very Happy Very Happy bounce bounce bounce bom bom



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

samaritan


Moderator
Moderator
@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.


_________________




The biggest risk in life is not taking any risk at all.

Saraka


Stock Analytic
Stock Analytic
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..

spindain and SENOX like this post

SENOX


Stock Trader
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, Suspect Suspect      

spindain and Saraka like this post

madukp


Expert
Expert
@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, Suspect Suspect      

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.

judecroos likes this post

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ASI Technical Analysis - 5300.00 in Sight Again Aspi10

spindain


Equity Analytic
Equity Analytic
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 !

Winner123 and SENOX like this post

SENOX


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


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

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
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.

judecroos likes this post

Love Boy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Wait. Index will bounce back today.

judecroos and SENOX like this post

SENOX


Stock Trader
at this condition 5590 PERSPECTIVE 


RED BLOOD ON THE FLOOR 


කොළඹ පොලිස් බලප්‍රදේශ කීපයකට නිරෝධායන ඇදිරි නීතිය



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

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@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, Suspect Suspect      

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

madukp and judecroos like this post

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics
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


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@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


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

SENOX likes this post

madukp


Expert
Expert
@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, Suspect Suspect      

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


Manager - Equity Analytics
Manager - Equity Analytics
Market Down= manipulators +Panic sellers+ covid fear

madukp likes this post

Rational Investor

Rational Investor
Manager - Equity Analytics
Manager - Equity Analytics
@Pradeep90 wrote:Market Down= manipulators +Panic sellers+ covid fear
+ Promoters from here assisting for the downfall. Very pathetic... pale

madukp likes this post

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