Technical Stock Snapshot

Technical Stock Snapshot

The technical analysis showed that Halal Stocks KMI-30 share index would be bearish. Resistance around 21,374.79 resulted in a marginal break of 20,968.57 Support. Could adjust further to 20,782.16~20,562.35 area. We view last couple retreats as momentary reaction. The short-term and intermediate profiles would remain negative therefore stay short.