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Technical Analysis – Boursa Kuwait 4-22-2019
KIPCO Asset Management Company K.S.C- Monday, April 22, 2019
All Share Market Index <.BKA> closed at 5,748.85 point. The market did well after our last analysis as it posted new levels. The overall picture remains positive but the overbought status of the weekly RSI indicator could decelerate the upward momentum and call for some correction, knowing that the nearby support levels are located at 5,700 point and 5,600 point. However, a cross over the recent high at 5,823 point would open the space for 5,900 point before the psychological level at 6,000 point.
Country :
Kuwait
Report Type :
Daily
Report Date :
Monday, April 22, 2019
Provided by :
KIPCO Asset Management Company K.S.C KIPCO Asset Management Company K.S.C
Report Size :
563
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