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Daily Archives: May 20, 2019
On Balance: Daily Notes for May 21, 2019
Our View Hold for now as the market tests the 7,700 level while global concerns remain on the backdrop. Prevailing risks to the market include: US – China tensions amid Huawei supply freeze. Higher oil prices due to OPEC+’s output … Continue reading
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On Balance: Weekly Notes for May 20 to 24, 2019
Our View Buy cautiously on dips as global worries point to sideways movement with a bias towards the 7,500 support. Resistance is at the 200-day EMA or 7,732.75. Dimmed US – China negotiations and Brexit talks dampens global economic outlook. … Continue reading
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