Tech­ni­cal anal­y­sis of the QSE in­dex

Gulf Times Business - - BUSINESS -

The QSE gen­eral In­dex closed slightly down, de­creas­ing by 0.41% from the week be­fore. An­other week has passed by with no sig­nif­i­cant tech­ni­cal change on the in­dex. The in­dex re­mains be­low the 10,000 mark but we re­main op­ti­mistic as the in­dex re­mains on an up­ward tra­jec­tory. A break­out above the men­tioned level is needed for a con­tin­u­a­tion in the an­tic­i­pated uptrend. Our weekly sup­port re­mains at the 9,200 level.

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