Weekly close below 150k can push the index down to 145k KSE 100 IndexPSX_DLY:KSE100ArslankhanMarwatHello everyone. The index faced strong rejection at 158k after touching the resistance line and the daily ema of 200 days was exactly at the same point. The weekly ema of 50 is also right above the index. The index closed below the weekly 50 ema, which is a sign of concern, hopefully the index retraces above that on monday. The good thing: The longterm yellow channel is intact. A support above the lower trend line and a break above ema 50 could keep the hopes alive. Bad thing: A weekly close below that can push the index towards the support line at 145k and if that line fails to hold the index then next support is at 137k.. Note* on a daily time frame the index is below 200 days which is a signal of a bearish market. The chart shared is of a weekly basis and for me weekly close matters for making buying decision. This is not an investment advice just my thoughts. ARSLAN KHAN ACCA QUALIFIED BSC ACCOUNTING (OXFORD BROOKES) MASTER'S in FINANCE