KASB Says KSE-100: Buy signal generated in the oversold region

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KASB Says KSE-100: Buy signal generated in the oversold region

Posted on March 24, 2011

The index registered a higher high and a higher low and in the process, gave the requisite confirmation of a bottom.

The Stochastic Oscillator has generated a buy signal in the oversold region. Moreover, the RSI has also shown improvement which further supports the bullish view.

We maintain our buy stance on the market.
TD25-03-11

Tags: KASB, KSE-100

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KASB Says KSE-100: Buy signal generated in the oversold region

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