|
Reuters Sri Lanka Market Technicals – CSE Friday,
May 16, 2008 19:03 IST |
|
|
|
|
||
|
Still
good signals from the bearish indicators with another down day on Friday. Next
support sits at the 61.8 percent Fibonacci retracement of the March-April
upmove. There are still downside signals from the Parabolic-SAR and the MACD
which as you can see have been holding good since late April. Overall the
chart is still pointing to the downside but as you can see from the RSI it is
starting to get a little oversold. |
||
|
For more information on Reuters services
for the (91) 022 6636 9000 Reuters
By
mailto:technicals@reutersindia.net By accessing this site you agree to the following terms: (a) the information provided on this site is the proprietary information of the Reuters Group or its third party providers; (b) the information is intended as a general information only and is neither professional advice (whether securities, investment, taxation or legal) nor a substitute for obtaining professional advice; (c) this information is not an offer or solicitation for the purchase or sale of any securities or financial instruments; (d) Reuters Group expressly disclaims all warranties, expressed or implied, as to the accuracy, completeness or timeliness of any information provided, or as to the fitness of the information for any purpose or as to any action taken relying on the information; (e) no part of such materials or information may be copied, transmitted, republished, redistributed or disseminated without the prior written consent of Reuters; and (f) Reuters and the Reuters sphere logo are registered trademarks or trademarks of the Reuters Group. The term “Reuters Group” means Reuters Group PLC and its direct and indirect subsidiaries. |
||
