Tech Update 22.08.2024

Capital Trust Technical Analysis Update as of Wednesday, 21st August 2024
After the market rebounded from the ASPI 11,250 level, which was the recent bottom of the main index,- it is now testing resistance at 11,498. To maintain the momentum and potentially break through this resistance level,- it is crucial that the market consolidates around this point without falling below 11,410. Sustaining this level will be key to continuing the recovery that began on August 9th.
Furthermore, it is important for the MACD to cross over and move above the zero line to maintain an active market.
The coming days will be crucial in determining whether the market can break through resistance and continue its recovery trajectory.
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