Expect For The Coming Week To Be More Volatile !!!

Last week was such a volatile week while the trading range was so wide between 1515.19 to 1423.47 points. The index gaped down opened at 1515.19 and went as low as 1423.47 before it settled at 1483.67, declined 40.76 points.

The Coming Week Remain Volatile, Watch Out ! ! !

The index is trading in a Downtrend, no reversal sign from indicators and the price is still trading bias the lower bollinger band and below 50 - 200 days Moving Average. However, it still manage to close above the 1474 support that i mentioned last week.

I would expect the index to trade between 1500 - 1430 points for this coming week and bias to the downside. If the price close below 1430, the next support would be pegged at 1350.