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By Mohamed Salah – Wednesday, November 7, 2018 04:12 AM – Mayada Amin, director of technical analysis at Primer Securities, said that buying power has managed to push the main stock index, breaking the highest level of resistance and its previous peak of 13400 points Monday's session rose 201 points to 13436 points, supported by the positive performance of the major shares, led by Global Telecom, EFG-Hermes and Sweden Electric, indicating the increase in the liquidity index, which reflected positively on the collective movement of most sectors and their response to the highs Reflecting the improved overall performance of the market.
In a statement to Gulf 365, Mayada Amin added that the technical indicators reflect the acceleration of the purchasing power force, which supports the continuation of short-term attempts to reach the resistance levels of 13500 and then 13800 points. To monitor the success of purchasing power in the penetration of these levels, which is a new test of purchasing power before confirming the completion of the correction, but it is the success of the index to penetrate the level of 13400 signal to open new centers in the short term.
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