TASI Holds Support as Buyers Step In, But Trend Still Unclear
Naranj Capital Research Desk
Over the last five sessions, TASI has closed lower on most days, but last Thursday’s sharp rebound from trendline support highlighted strong buying interest at lower levels.
The weekly chart also indicates a solid base forming near the support zone, with the past four candles showing long lower wicks—evidence of consistent demand from buyers.
However, momentum remains subdued, suggesting the index may continue to trade in a neutral range in the near term.
Short-term traders should avoid chasing moves, while long-term investors may look for value near the base.
Share with
00votes
Article Rating
Subscribe
0 Comments
Join Our Telegram Channel for Saudi Stock Market Update
