Thursday 4 August 2016

TASI - Saudi Tadawul All share Index

This is a short post on TASI. The following chart shows the up move since the index bottomed in January of this year. The chart is showing a clear five wave pattern since then. The down move that started in April after completion of the said 5 waves up, looks like a corrective pattern which may be nearing completion. If so the prices are likely to resume the uptrend any time now. More details are on the chart.




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