KSE 100 Index toward all time highThe KSE 100 Index has shown a significant pattern with a break out of double top formation with bullish momentum. Furthermore, Index is challenging the resistance of 50,887 that need to break for the testing all time high of 53,127. Previous resistance of 49,404 now acts as first support level for the index and if the support breaks then 48,976 will be the second support.
Moreover, Index is highly over bought on weekly and daily time frame and shows bearish divergence on weekly time frame., while MACD suggests a bullish sign.