Market tilt towards ASPI 5000

Quibit

Quibit

Senior Vice President - Equity Analytics

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Stock Market can move upto ASI 7200 with positive developments. i.e new vaccine, economic progress. Any bad news could bring it down to 5200 levels.However Long TermTrend chart predicts ASPI to be around 5000 by end of 2020. Week ahead is critical.

Last edited by Quibit on Wed Nov 18, 2020 6:35 pm; edited 7 times in total

Sun Oct 25, 2020 7:09 am by **Kipling** · Sun Oct 25, 2020 7:09 am by **Kipling**

Do you know the view of the diaspora?

Sun Oct 25, 2020 8:15 am by **dayandacool** · Sun Oct 25, 2020 8:15 am by **dayandacool**

We have already made a lower high last week.Prudent investor / trader will heed the call of a chart.Next week is crucial for the medium term direction of ASI. Month end Margin calls will give some buying opportunities. However, one should be very watchful!!! silent

Sun Oct 25, 2020 9:17 am by Enthusiast · Sun Oct 25, 2020 9:17 am by Enthusiast

I also have feeling that month end margin selling will take down index bit more.

Sun Oct 25, 2020 9:36 am by Master D · Sun Oct 25, 2020 9:36 am by Master D

Too early to say anything. Market will come down next week and will start swinging until arrival of a vaccine.
In my opinion it can surpass 6000 and sustain that level only after a vaccine arrives in SL.

Sun Oct 25, 2020 10:24 am by **geesura** · Sun Oct 25, 2020 10:24 am by **geesura**

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Sun Oct 25, 2020 10:51 am by Quibit · Sun Oct 25, 2020 10:51 am by Quibit

Master D wrote:Too early to say anything. Market will come down next week and will start swinging until arrival of a vaccine.
In my opinion it can surpass 6000 and sustain that level only after a vaccine arrives in SL.

Stock Market can move upto ASI 7200 with positive developments. i.e new vaccine. Any bad news could bring it down to 5200 levels. Week ahead is critical.

Last edited by Quibit on Sun Oct 25, 2020 11:03 am; edited 1 time in total

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Sun Oct 25, 2020 11:03 am by **Kipling** · Sun Oct 25, 2020 11:03 am by **Kipling**

The Road to Nandikadal - General Kamal Gunerathna
Must be read by all Diaspora & Wahhabi Lunatics

Sun Oct 25, 2020 11:23 am by Rational Investor · Sun Oct 25, 2020 11:23 am by Rational Investor

Quibit wrote:Long TermTrend chart predicts ASPI to be around 5000 by end of 2020.

Quibit is only appearing when government came across with a new cluster to make a bold statement saying ASI will hit 4300-4800-5000 Ha ha ha.Your early predictions were not true..Do not try to panic retailers Laughing

Guys do not worry at all there will not be countrywide lockdown so stay positive government is assisting to cooperates every possible way to get rid of this situation.

Do not sell this time ay a loss. Two lessons are enough Wink

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Sun Oct 25, 2020 11:24 am by **dayandacool** · Sun Oct 25, 2020 11:24 am by **dayandacool**

Kipling wrote:The Road to Nandikadal - General Kamal Gunerathna
Must be read by all Diaspora & Wahhabi Lunatics

@Kipling,

Every person who has a view different to that of yours is not from Diaspora or a follower of Wahabism. Very Happy

P.S I'm a Buddhist, a Sinhalese, a Sri Lankan.

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Sun Oct 25, 2020 11:50 am by **Kipling** · Sun Oct 25, 2020 11:50 am by **Kipling**

True my friend. I admire you. I am not a racist. Just trying to draw attention to a agenda.
PS. I am also a Sinhala Buddhist from Matara.

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Sun Oct 25, 2020 11:53 am by **xhunter** · Sun Oct 25, 2020 11:53 am by **xhunter**

Quibit wrote:

Master D wrote:Too early to say anything. Market will come down next week and will start swinging until arrival of a vaccine.
In my opinion it can surpass 6000 and sustain that level only after a vaccine arrives in SL.

Stock Market can move upto ASI 7200 with positive developments. i.e new vaccine. Any bad news could bring it down to 5200 levels. Week ahead is critical.

Much improved version than the first post.
This post explain two possibilities and related factors and how critical next week (or 2 weeks).
first post => plant an idea that market will drop to 5200 in other members head
this post =>members are exposed to possibilities, related factors, critical time window that they can analyze how probable both ends by finding more information.

@Quibit, you decide what kind of posts help other members
IMO , this post could have been the first post of this thread.

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Sun Oct 25, 2020 11:56 am by **dayandacool** · Sun Oct 25, 2020 11:56 am by **dayandacool**

Kipling wrote:True my friend. I admire you. I am not a racist. Just trying to draw attention to a agenda.

There are agendas I agree. While it's necessary to address those, It's wise to be prudent to act accordingly when the situation demands action in the Market. Those who are long to medium term investors, they don't need to panic. They need to wait until their targets are reached. They won't be in a hurry (me included). For those who trade / use margins, need to be wise to act.

Those who have a portfolio of investments + trading are the ones who will best benefit in such scenarios. They will be the real winners!!!

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Sun Oct 25, 2020 12:09 pm by **dayandacool** · Sun Oct 25, 2020 12:09 pm by **dayandacool**

xhunter wrote:

Quibit wrote:

Master D wrote:Too early to say anything. Market will come down next week and will start swinging until arrival of a vaccine.
In my opinion it can surpass 6000 and sustain that level only after a vaccine arrives in SL.

Stock Market can move upto ASI 7200 with positive developments. i.e new vaccine. Any bad news could bring it down to 5200 levels. Week ahead is critical.

Much improved version than the first post.
This post explain two possibilities and related factors and how critical next week (or 2 weeks).
first post => plant an idea that market will drop to 5200 in other members head
this post =>members are exposed to possibilities, related factors, critical time window that they can analyze how probable both ends by finding more information.

@Quibit, you decide what kind of posts help other members
IMO , this post could have been the first post of this thread.

This looks really good. However, I would wait until we pass the previous high and make a higher high to confirm this scenario. For the time being I'm waiting for a healthy bullish engulfing on the daily for the bulls. something we didn't have during last week.

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Sun Oct 25, 2020 1:28 pm by Quibit · Sun Oct 25, 2020 1:28 pm by Quibit

I hope there will be trading tommoro

Quarantine curfew imposed in Fort, Pettah, Borella & Welikada Police areas from 6.00 pm today till further notice - Army Commander- adaderana.lk

Sun Oct 25, 2020 3:07 pm by Mr. X · Sun Oct 25, 2020 3:07 pm by Mr. X

Quibit wrote:I hope there will be trading tommoro

Quarantine curfew imposed in Fort, Pettah, Borella & Welikada Police areas from 6.00 pm today till further notice - Army Commander- adaderana.lk

Can they close the CSE ??? all the essential companies are working.

Sun Oct 25, 2020 3:08 pm by **God Father** · Sun Oct 25, 2020 3:08 pm by **God Father**

Market must learn not to react to each development regarding Covid-19 situation, and to take a call on the long term trajectory of the economy. Sri Lanka Economy is likely to progress well surpassing many positive milestones.

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Sun Oct 25, 2020 3:24 pm by **geesura** · Sun Oct 25, 2020 3:24 pm by **geesura**

God Father wrote:Market must learn not to react to each development regarding Covid-19 situation, and to take a call on the long term trajectory of the economy. Sri Lanka Economy is likely to progress well surpassing many positive milestones.

Not the market reacting big players are playing with us they put the selling order n buying order both n try to lower the prices after that retailers panic n sell their shares hoping that share will go further down ,then big players will collect them n drag the prices up n again panicked retailers will buy the shares that they sold ,at a higher price hoping it'll move further n they again do this to us retailers.finally panicked retailers will lose there money.this time dont let them to play with us if u know that particular company share is this much worth to you why would u sell it at a lower price?..hoping to buy it at low?what if all of other do like that..there wont be an end. even to control corona we should be disciplined ourself before advicing to others.

Sun Oct 25, 2020 3:34 pm by **Promoney** · Sun Oct 25, 2020 3:34 pm by **Promoney**

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Sun Oct 25, 2020 6:21 pm by **madukp** · Sun Oct 25, 2020 6:21 pm by **madukp**

xhunter wrote:

Quibit wrote:

Master D wrote:Too early to say anything. Market will come down next week and will start swinging until arrival of a vaccine.
In my opinion it can surpass 6000 and sustain that level only after a vaccine arrives in SL.

Stock Market can move upto ASI 7200 with positive developments. i.e new vaccine. Any bad news could bring it down to 5200 levels. Week ahead is critical.

Much improved version than the first post.
This post explain two possibilities and related factors and how critical next week (or 2 weeks).
first post => plant an idea that market will drop to 5200 in other members head
this post =>members are exposed to possibilities, related factors, critical time window that they can analyze how probable both ends by finding more information.

@Quibit, you decide what kind of posts help other members
IMO , this post could have been the first post of this thread.

True. This is a kind of analysis that we all can agree upon. Thanks for sharing it.

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Sun Oct 25, 2020 8:12 pm by **Value Pick** · Sun Oct 25, 2020 8:12 pm by **Value Pick**

Many people who tells us to hold or buy will sell their shares if they get a chance... Pl use your brain & do the right thing.

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Sun Oct 25, 2020 8:31 pm by **geesura** · Sun Oct 25, 2020 8:31 pm by **geesura**

Value Pick wrote:Many people who tells us to hold or buy will sell their shares if they get a chance... Pl use your brain & do the right thing.

if one sells only another can sell..if u want u can sell..selling means some one is buying noh?

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Sun Oct 25, 2020 9:00 pm by **Thushara Ayya** · Sun Oct 25, 2020 9:00 pm by **Thushara Ayya**

My prediction is Green tomorrow. Good Luck all my friends....

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Sun Oct 25, 2020 9:08 pm by **stockback** · Sun Oct 25, 2020 9:08 pm by **stockback**

madukp wrote:

xhunter wrote:

Quibit wrote:

Master D wrote:Too early to say anything. Market will come down next week and will start swinging until arrival of a vaccine.
In my opinion it can surpass 6000 and sustain that level only after a vaccine arrives in SL.

Stock Market can move upto ASI 7200 with positive developments. i.e new vaccine. Any bad news could bring it down to 5200 levels. Week ahead is critical.

Much improved version than the first post.
This post explain two possibilities and related factors and how critical next week (or 2 weeks).
first post => plant an idea that market will drop to 5200 in other members head
this post =>members are exposed to possibilities, related factors, critical time window that they can analyze how probable both ends by finding more information.

@Quibit, you decide what kind of posts help other members
IMO , this post could have been the first post of this thread.

True. This is a kind of analysis that we all can agree upon. Thanks for sharing it.

uptrend chanel eke uper parerel line is increect.

after tomorrow trading you can make a nice chart.

tomorrow is a key day. I am sure early red but end with green if its happen then qubit chart incorrect for searching 5200