TASI – Still Has Room to Correct Further

The TASI index fell for the second week in a row, slipping over 1% and closing at 11,178.

Last week, we mentioned that the index could move toward 11,000, and this week’s drop is matching that view.

Since there may still be more downside, it’s better to avoid new buying positions for now.

Watch how the price behaves near the support level. That will help decide the next trading move.

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