Tadawul All Shares IndexUpdated TASI: is downtrend over?
At the moment these are the bullish indications of TASI:
1. Taking support at 50% fib level of the uptrend that lasted from 24th Oct 23 to 24th Mar 24
2. Making a double bottom pattern
3. Taking support at an important support/demand level
Is downtrend over?
1. Taking support at 50% fib level of the uptrend that lasted from 24th Oct 23 to 24th Mar 24
2. Making a double bottom pattern
3. Taking support at an important support/demand level
Is downtrend over?
Note
TASI took support from 50% fib level as indicated in the chart. Bullish Momentum likely to continue from here
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.