Current price: 10370
Key point: 10540
Our preferred direction: sell positions below 10540 levels, targeting 10215 as the first target, then 9930 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 10540 level, targeting 10810 levels
Technical commentary
The TASI index is moving in a downward direction on the daily time frame from the peak of last July, and the price has currently penetrated the pivotal support levels 10540-10590 below the downtrend.
If the decline continues today with this negative closing, the index will head for a further decline to levels of 10215 and then levels of 9939.
