TASI Rebounds Strong: Triangle Pattern Eyes Bullish Leap

The TASI index experienced significant volatility last week, following global market trends. A sharp gap-down and heavy selling pushed it below 11,000, but it rebounded strongly and is now trading just above 11,500.

A symmetrical triangle pattern has formed on the chart, with a long lower shadow hammer this week suggesting a potential upward move in the near term.

A key resistance zone has been identified between 12,550 and 12,700. A breakout above this level could trigger a substantial bullish move.