Quite frankly, we don't know the answer. The index continues its uptrend and therefore, hit the all-time high on 18 August 2020. . From our technical standpoint, assuming the bull-run continues, we are looking at an initial resistance between 11700 and 11841.50. That's a short technical analysis and we shall see what the index is going to do in the next few trading sessions.
Good trading! From the Desk of NinjaSingapore 19 August 2020
The index has also reached the second resistance level on 26 August 2020. This case study is closed. We are looking for the next potential trading opportunity.
Good trading!
From the Desk of NinjaSingapore
27 August 2020
NinjaSingapore
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Update on 26 Aug 2020
The index has reached our initial target of 11700 and is 100 points away from our next resistance level. Hence, we will watch this index very closely.
Good trading!
From the Desk of NinjaSingapore
26 August 2020
Good trading!
From the Desk of NinjaSingapore
27 August 2020