AKD Securities Limited – Trigger Shark

Karachi, February 06, 2018 (PPI-OT): In a Minute Correction / Consolidation Mode

In the process of a minute correction / consolidation phase, the benchmark PSX is nearing the 23.6% retracement of last ascend (37,736 to 45494) at 43,663 level. In case of a deeper retracement, strong support exists around 42,531 level. Overriding profile remains bullish above the ichimoku cloud (39,222 – 39,949) where recovery through 45,063 level will clear way towards 49,590 level.

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