Usually a massive downward movement results in a spring like rebound but when price breaks down a key level and two massive supports i.e. the 50EMA and 200EMA, the psychology overtakes the physics. Monday would be crucial in determining the next levels. It would be the right move not to take long positions unless it moves above the 200EMA. If the rsi peeks into oversold regions, then the rebound would be very strong. But given the global cues regarding current situation of Afghanistan, rebound is likely to be gradual. Future price predictions are
Date Weekday Rate Max Min
30.08 Monday 72.81 73.90 71.72
31.08 Tuesday 72.74 73.83 71.65
01.09 Wed 72.81 73.90 71.72
02.09 Thursday 72.82 73.91 71.73
03.09 Friday 72.60 73.69 71.51
Date Weekday Rate Max Min
30.08 Monday 72.81 73.90 71.72
31.08 Tuesday 72.74 73.83 71.65
01.09 Wed 72.81 73.90 71.72
02.09 Thursday 72.82 73.91 71.73
03.09 Friday 72.60 73.69 71.51
Comment:
Breakdown happened and now having ascending triangle formation