Qatar
November 16, 2009
Qatar Traders’ Corner
144 153.
Prime Research 1
DSM
♦DSM index gapped below yesterday’s low at the open followed by higher values throughout the session.
The near term market low at
6,886 changing the short term trend of the...
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Qatar
November 16, 2009
Qatar Traders’ Corner
144 153.
Prime Research 1
DSM
♦DSM index gapped below yesterday’s low at the open followed by higher values throughout the session.
The near term market low at
6,886 changing the short term trend of the market from sideways to downtrend; however, there is some hidden strength in the market at
the current levels.
the index is still targeting 6,750 on the downside if the low at 6,760 was broken.
On the way up the stock may re-test
7,000 on the upside.
Qatar Shipping (QSHS.
QA)
Last trade Support 1 Resistance 1 Resistance 2
33.
50 31.
00 35.
00 36.
90
Support 2
28.
90
♦ On the intermediate term, the stock has been moving sideways where it trades below the constant resistance level at 35.
00, higher lows
showing strength in the activity of the stock is coming at higher price levels with each decline indicating that support is coming into the
market at higher levels which increases the odds for a potential upward
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