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FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » Market tilt towards ASPI 5000

Market tilt towards ASPI 5000

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Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Market tilt towards ASPI 5000 - Page 3 Predic11

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

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Post Sun Oct 25, 2020 10:28 pm by Pradeep90

Powerful government with capital market minister..
Will Asi go back to 5000?🤔🤔🤔🤔🤔

Post Sun Oct 25, 2020 10:29 pm by stockback

@Quibit wrote:
@stockback wrote:
@Quibit wrote:
@stockback wrote:Market tilt towards ASPI 5000 - Page 3 Aspi_010

This is more accurate with key milestones. But dont ignore the down trend.
Market tilt towards ASPI 5000 - Page 3 Abf76d10


i am worried about the Center Uptrend line. still, we have hundreds of points in the monthly chart. but the daily chart we are in an uptrend. 

all favor your side. with covid.

Centre line is the median. Crossing The vertical line depicting the change of Political regime with yahapalana  setting the Downward trend due to economic mismanagement and political tug of war. Downward Trend is further accelerated by Easter Sunday bomb and covid 19 pandemic Its a strong  southward wind likely to drift ASI to 5200.


Uptrend Center Line....


we have 100 points chance technically. end of the day it will...

Post Sun Oct 25, 2020 10:46 pm by stockback

Market tilt towards ASPI 5000 - Page 3 Aspi_012

Post Sun Oct 25, 2020 10:50 pm by stockback

Market tilt towards ASPI 5000 - Page 3 Aspi_013

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Post Sun Oct 25, 2020 10:55 pm by stockback

@stockback wrote:Market tilt towards ASPI 5000 - Page 3 Aspi_013


Assume 100 point drop and it breaks the critical line. then ASPI is 5650 around. then you will see 5250-5300 range head and should pattern can be built. if it happens another 450 points maximum. if everyone going panic then how many days take to travel 450 point maximum of 2-3 days. then start the new month start margin buying...


Believe me, this is a buying point, not a selling point.

Kipling likes this post

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Post Sun Oct 25, 2020 10:57 pm by ThivankS

Can someone help me with this please https://www.facebook.com/NumbersTalk88/photos/pcb.141113134386715/141113081053387

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Post Mon Oct 26, 2020 8:49 am by Value Pick

@කොටස් වෙළඳපොළ2020 wrote:farao farao farao farao farao farao විශ්ලේෂනය සුපිරී ⁣කාලයට ඉඩදීම වඩා හොදයි.    farao farao farao farao farao

This is a good advice. If you take last 5 year ASI chart it still shows a downward trend. People can use charts to their likes or dislikes. That's the truth..... Best is wait & see Mr. Market to deliver what it wants. ....

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Post Mon Oct 26, 2020 8:57 am by samaritan

Charts do not take into consideration unforeseen events like pandemics. Now the resistant level will be the level when corona is resisted.

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Post Mon Oct 26, 2020 9:06 am by stockback

@samaritan wrote:Charts do not take into consideration unforeseen events like pandemics. Now the resistant level will be the level when corona is resisted.


you mean brandix cluster

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Post Mon Oct 26, 2020 9:51 am by samaritan

@stockback wrote:
@samaritan wrote:Charts do not take into consideration unforeseen events like pandemics. Now the resistant level will be the level when corona is resisted.


you mean brandix cluster
I am not referring to a particular cluster, but when things are brought under control like earlier which is not faraway.

geesura likes this post

Rational Investor

Post Mon Oct 26, 2020 11:20 am by Rational Investor

Hello Quibi bounce bounce bounce bounce bounce

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Post Mon Oct 26, 2020 11:54 am by Kipling

Quibit busy. 
Now planning next Diaspora move.

geesura likes this post

dayandacool

Post Mon Oct 26, 2020 12:27 pm by dayandacool

Seems no bull for today as well. There is a bearish Gap in the daily. Rolling Eyes silent

geesura

Post Mon Oct 26, 2020 12:40 pm by geesura

@dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily. Rolling Eyes silent
But seems to be sellers are rigid like "u buy for my price or get lost"

God Father, dayandacool, heroxhere and judecroos like this post

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Post Mon Oct 26, 2020 12:46 pm by samaritan

@dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily. :roll: :silent:
There is an organized group spreading false rumours with active participation of diaspora groups.

dayandacool

Post Mon Oct 26, 2020 12:46 pm by dayandacool

@geesura wrote:
@dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily. Rolling Eyes silent
But seems to be sellers are rigid like "u buy for my price or get lost"

True. Best is to stay on the side line and watch.5640 is the area to look for for a possible upward momentum. Neutral

heroxhere

Post Mon Oct 26, 2020 12:48 pm by heroxhere

@geesura wrote:
@dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily. Rolling Eyes silent
But seems to be sellers are rigid like "u buy for my price or get lost"

Yes, Agreed. While the bears want to sell, they dont want to just off-load right away. Even better, many of us are holding. If you observe the quantities on sale, they are comparatively much less.

dayandacool

Post Mon Oct 26, 2020 12:52 pm by dayandacool

@samaritan wrote:
@dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily. Rolling Eyes silent
There is an organized group spreading false rumours with active participation of diaspora groups.
Everything happens in the Market can't be credited to Diaspora account. Technically speaking, We had a major uptrend, a reversal is due.

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Post Mon Oct 26, 2020 12:54 pm by Mithooshan

I feel sad for those who are selling good shares at a discounted price. There are fundamentally strong shares of good companies nothing to be panicked about and no impact due to Corona. Still they are now trading at very low prices.

I honestly would like to know what the reason is behind this selling. Is this purely a result of current situation of the country ?

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Post Mon Oct 26, 2020 12:59 pm by junior

@Mithooshan wrote:I feel sad for those who are selling good shares at a discounted price. There are fundamentally strong shares of good companies nothing to be panicked about and no impact due to Corona. Still they are now trading at very low prices.

I honestly would like to know what the reason is behind this selling. Is this purely a result of current situation of the country ?
Please do not try to control market volatility. this is share market

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Post Mon Oct 26, 2020 1:00 pm by ThivankS

I don't think ASPI dip below the 5,400 level. Though many want to exit, not willing to sell at much lower prices.

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Post Mon Oct 26, 2020 1:04 pm by Mithooshan

@junior wrote:
@Mithooshan wrote:I feel sad for those who are selling good shares at a discounted price. There are fundamentally strong shares of good companies nothing to be panicked about and no impact due to Corona. Still they are now trading at very low prices.

I honestly would like to know what the reason is behind this selling. Is this purely a result of current situation of the country ?
Please do not try to control market volatility. this is share market

How can i control the market volatility by sharing a post ?
Market is much bigger than myself. I was sharing my view only. No offense to anyone.

Eranga87 likes this post

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Post Mon Oct 26, 2020 1:25 pm by Quibit

@Rational Investor wrote:Hello Quibi bounce bounce bounce bounce bounce

Hallo. Market is like a bouncing ball with downward direction.

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Post Mon Oct 26, 2020 1:32 pm by Kipling

I believe Diaspora Separatist agenda & wahabi lunatics extremism is not only on a downward trend but also fast approaching the cemetery. Even ghost will not rise   😀

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Post Mon Oct 26, 2020 1:43 pm by DKbogols

Guys, today is the last day to collect your favourite counters at these discounted price levels! Market is much more resilient now. Lot of new investors with long term vision it seems. Unless there is an islandwide lock down, CSE will pick up fast. If not already, buy today. Don't regret later!

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Post Mon Oct 26, 2020 1:57 pm by Value Pick

@dayandacool wrote:
@geesura wrote:
@dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily. Rolling Eyes silent
But seems to be sellers are rigid like "u buy for my price or get lost"

True. Best is to stay on the side line and watch.5640 is the area to look for for a possible upward momentum. Neutral

If they place their quantities then prices will come down @a rapid speed. This is smart selling.....
Very low T/O signals nobody is interesting about buying. T/O is coming slowly from 5.0bn to probably 1.0bn(today) over last couple of days.

Maharaja and madukp like this post

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Post Mon Oct 26, 2020 2:00 pm by samaritan

@Value Pick wrote:
@dayandacool wrote:
@geesura wrote:
@dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily. :roll: :silent:
But seems to be sellers are rigid like "u buy for my price or get lost"

True. Best is to stay on the side line and watch.5640 is the area to look for for a possible upward momentum. :|

If they place their quantities then prices will come down @a rapid speed. This is smart selling.....
Very low T/O signals nobody is interesting about buying. T/O is coming slowly from 5.0bn to probably 1.0bn(today) over last couple of days.
Why can't low T/O signal nobody interested in selling at low price??? Also there is something known as smart buying as well.

Kipling, madukp and DKbogols like this post

dayandacool

Post Mon Oct 26, 2020 2:12 pm by dayandacool

@Value Pick wrote:
@dayandacool wrote:
@geesura wrote:
@dayandacool wrote:Seems no bull for today as well. There is a bearish Gap in the daily. Rolling Eyes silent
But seems to be sellers are rigid like "u buy for my price or get lost"

True. Best is to stay on the side line and watch.5640 is the area to look for for a possible upward momentum. Neutral

If they place their quantities then prices will come down @a rapid speed. This is smart selling.....
Very low T/O signals nobody is interesting about buying. T/O is coming slowly from 5.0bn to probably 1.0bn(today) over last couple of days.

Smart selling is worse than Panic selling. In a panic selling, turnovers are massive and recovery time is very quick. that's why we witnessed quick recoveries during past panic selling markets. Also panic selling and higher turnover could also mean that buyers still think shares are undervalued. What happens in smart selling is that It takes long time to recover again as purchases are less and it also establishes that buyers think prices are over valued which is displayed by the low turn over. There is a clear difference between previous selling and what is observed during last week and today.

Somehow, this will not impact long to medium traders as they are just not bothered about market sentiment but the value of their shares.

samaritan and judecroos like this post

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Post Mon Oct 26, 2020 2:23 pm by Quibit

Cheap is not cheap anymore in the context corona virus new norm. Cheap is relatively expensive.

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Post Mon Oct 26, 2020 2:33 pm by samaritan

@Quibit wrote:Cheap is not cheap anymore in the context corona virus new norm. Cheap is relatively expensive.
So, it seems your wait is over!Market tilt towards ASPI 5000 - Page 3 Icon_lol

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