Saudi Arabia's index is expected to bounce higher -- 12/14/2014

Close the general index of the Saudi market (TASI) in the history of 12.11.2014 at 8,393.921 down by -17.063 or the equivalent of -0.20% compared to the previous close it, s have been recorded or trading 8,611,866,624 Real



According to the technical outlook that the index is still consistent with our expectations regarding support located between the level of 8200 points, and the level of 7800 points, strength., Where we pointed out during this month that the index could fall to the level of strong support at 8,200 points, a price target output of the breakout of the bullish channel long-term, which also corresponds to the rising trend line long-term, which is a strong support could push the index to the highest to reach its resistance level of 9,000 points, especially with the emergence of a negative deviation on the RSI,





It must be mentioned that the highest level in the past three weeks and is 9,556.005 8,158.053 is the lowest level