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TASI Chart Analysis (Saudi Stock Market Index) -

Posted by Markets Today
Chart analysis of the Tadawul All Share TASI Index-potential support zones, as the market weakens. In addition to falling below the swing low support, Monday’s decline put the TASI clearly below its 20-day exponential moving average (ema) on a daily closing basis for the first time since July 1st. Together, these two signals point to a deeper pull back. Let’s look at several potential support zones. Each is noted by the shaded area in the enclosed daily chart." Recorded during trading session.
Posted September 29, 2014
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