Tech­ni­cal anal­y­sis of the QSE in­dex

Gulf Times Business - - BUSINESS -

The gen­eral in­dex closed higher by 2.97% from last week at 10,658.22 points. It has been mov­ing to­wards the 11,000 re­sis­tance level. We re­mind our read­ers that the ris­ing-wedge price for­ma­tion would be­come an is­sue if it is breached down­wards. We up­date our ex­pected weekly sup­port level to 10,000 points, but we keep the re­sis­tance at the 11,000 level.

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