Technical analysis of the QSE index
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.