Thursday, November 9, 2017
ASI - Survived to hold the 100 SMA, lower trend line got rejected
ASI failed to hold above the lower trend line. But survived the 100 sma. There is a major support area around 6500 as shown by the horizontal trend line drawn in yellow. Needs to hold that to motivate the sentiments. Failure there could test the trend line in red. There are no signs of a trend reversal to the up as yet. I still want to respect the uptrend that started since March. If the ASI fail to hold above 6349, it will not sound good at all.
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