TASI bullish momentum continuation

The Tadawul All Shares Index (TASI) concluded its most recent trading session at 11,137, reflecting a positive gain of 55 points. Notably, the index has surpassed its previous resistance level of 10,987, which has now transitioned into a crucial support level. The subsequent resistance level is anticipated to manifest around 11,189 which the market almost tested in the last trading session. Current market patterns imply a potential upward momentum, contingent upon the index maintaining its support level at 10,987. This sentiment is reinforced by the parabolic SAR, which signals an upward trend in the market.

*Market Summery*
Close: 11,137
Change: +55
Volume(mln): 260
RSI: 66
High: 11,145
Low: 11,091

*Pivots*
R-3: 11,513
R-2: 11,298
R-1: 11,189
PP: 10,974
S-1: 10,866
S-2: 10,650
S-3: 10,543