ASI closed with an RSI of 16 yesterday. It fell to 13.5 today, whilst the ASI closed at 6217 points. That was lower than the previous support in the region of 6225 points. There are support areas between 6200 and 6100, but a trend reversal could be seen one of these days, even as early as tomorrow. That's because of the ASI being heavily over sold. It wasn't normal to see the index beaten up 10 days in a row. Also the fall of 198 points within the period was not something that happens always. If the expectations are wrong then we would see 6200 to 6100 areas being tested.
Making money in the Stock Market is not easy, but not hard only with increased education and understanding.......
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Loss and Gain of the ASI in 2021 vs the Loss in 2022
This ASI chart shows the All time high in 2021 of 9025.82 on the 29th 0f Jan'21 and the fall to the yearly low of 6852.64 on the 19th ...
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Dr. Michael Burry is the ONE EYED Physician turned Fund Manager, who figured out that the Housing Market in the US is going to fall apart,...
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ASI closed at 6228. Yesterday it was 6229. ALMOST UNCHANGED. Intra-day it hit a high of 6244, and a low of 6225 points. The close of the day...
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As a gesture to honour a client Mr. R.T., I post an image shared by him regarding the ASI. The primary reason to do so is that, He is a k...
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