Tech­ni­cal anal­y­sis of the QSE in­dex

Gulf Times Business - - BUSINESS -

The gen­eral in­dex closed up by 2.26% from last week and closed at 10,598.40. The in­dex has been cre­at­ing a ris­ing­wedge price for­ma­tion, which is a bear­ish re­ver­sal for­ma­tion (if breached down­wards). How­ever, the trend re­mains and in­tact. We keep our ex­pected weekly sup­port level to 9,600 points the re­sis­tance at the 11,000 level.

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