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My friends,
I predict that today will going to be a critical day for CSE as yesterday it closed below the 6800 resistance level which prevailed for more than a month. The today's end result will decide on whether that resistance level will further prevail or the market will find its next resistance level at 6520. My prediction is that if market closed around another 30 points today it is more likely that the market will reach the next resistance level by Sinhala New Year time according to my technical analysis. So watch carefully and plan your strategy.
My advise will be to cash say 30%-40% of your portfolio next week if today market close around 6750 and create a breathing space for yourself when the market reaches its next resistance level to grab good counters at discounted prices. GL.
I predict that today will going to be a critical day for CSE as yesterday it closed below the 6800 resistance level which prevailed for more than a month. The today's end result will decide on whether that resistance level will further prevail or the market will find its next resistance level at 6520. My prediction is that if market closed around another 30 points today it is more likely that the market will reach the next resistance level by Sinhala New Year time according to my technical analysis. So watch carefully and plan your strategy.
My advise will be to cash say 30%-40% of your portfolio next week if today market close around 6750 and create a breathing space for yourself when the market reaches its next resistance level to grab good counters at discounted prices. GL.
