Qatar
November 17, 2009
Qatar Traders’ Corner
144 153.
Prime Research 1
DSM
♦On the overall short term picture, DSM is currently declining below a bearish resistance trend line where the index advanced today above
to test the downtrend line from the...
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Qatar
November 17, 2009
Qatar Traders’ Corner
144 153.
Prime Research 1
DSM
♦On the overall short term picture, DSM is currently declining below a bearish resistance trend line where the index advanced today above
to test the downtrend line from the downside, however, there is some hidden strength in the market at the current levels as some positive
divergences started to appear between the value of the index and the market oscillators which may point to an upward break of the downtrend line.
On the way up the stock may re-test 7,000
Qatar National Bank (QNBK.
QA)
Last trade Support 1 Resistance 1 Resistance 2
159.
40 152.
00 160.
50 162.
70
Support 2
144.
00
♦ On the intermediate term, the stock is still following an up trend line, as well as the 10 weeks moving average crossing above the 40
weeks’ with prices above both moving averages.
Indicators are showing clear positive conditions.
The recent dip to 145.
00 had accomplished the intermediate term correction after which the sto
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