Market commentary
13
June
Market commentary: Demand returns
Despite the market’s recovery, liquidity only increased slightly and did not show a strong enough breakout to signal a trend reversal. Moreover, the index remains below its 20-day moving average,...
12
June
Market commentary: Diverging market movements
The ongoing correction pressure caused the market to close lower. Furthermore, the index remains below its 20-day moving average, indicating a short-term downtrend. Hence, investors were advised to gradually reduce...
11
June
Market commentary: Market recovery
Although the market posted gains, the index remained below its 20-day moving average. This suggests that the recovery momentum is not yet strong enough to reverse the prevailing trend, and...
10
June
Market commentary: “Vin” stocks hit the floor
The market recorded four consecutive declining sessions, with the index closing below the 20-period moving average. This pattern suggested an increasing risk of short-term correction and signaled a return of...
09
June
Market commentary: Short-term correction?
Despite the pullback in the indices, the overall uptrend remained intact as key indexes stayed above most major moving averages. This suggests that the market may be entering an accumulation...
06
June
Market commentary: Narrowing the downward momentum
Although corrective pressure at higher price levels continued to weigh on the market and temporarily stalled the upward momentum, the overall uptrend remained intact as the indices stayed above most...
05
June
Market commentary: Market divergence
The market exhibited signs of volatility after reaching a new high price. Nevertheless, the underlying uptrend remains intact, as the index continues to trade above most key moving averages. Hence,...
04
June
Market commentary: Green gains broadly extended
After several sessions of consolidation near recent highs, the market staged a strong rebound accompanied by improved liquidity - signaling a shift in investor sentiment toward optimism. This may indicate...
03
June
Market commentary: Demand dominated toward the end of the session
After several sessions facing correction pressure at elevated price levels, the market has shown signs of divergence. This indicates a lack of momentum for a breakout, suggesting that the index...
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Derivatives: Testing the 20-day moving average
Market commentary: Divergent market performance
Derivatives: Waiting for the next signal
Market commentary: Foreigners reversed strongly to net buying
Derivatives: Downtrend ahead?
