AKD Securities Limited – Trigger Shark

Karachi, December 28, 2017 (PPI-OT): Gaining Momentum

After anchoring a twin-bottom around 37,800 level, the benchmark KSE has registered a swift recovery reclaiming its minor averages. The short-term indicators are still pointing north possibly scoping for 40,571 and 42,323 levels. Immediate supports clustered between 39,488 and 38,819 levels are seen neutralizing any selling pressure.

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