Outlook: Expected price behavior of the security for the day.
Daily Technical Outlook: Our daily view on the market based on technical indicators
Support: A price, or price zone, beneath the current market price, where buying power is sufficient to halt a price decline. A previous reaction low usually forms a support level.
Resistance: Resistance is marked by a previous price peak and provides enough of a barrier above the market to halt a price advance. It is the area over the market where selling pressure overcomes buying pressure and a price advance is turned back.
Chart: Candlestick chart showing the movement in the KSE-100 index along with traded volume, support and resistance levels.
Moving Average: A trend following indicator that works best in a trending environment. It smoothes out price action but operates with a time lag. A simple 10 day moving average of a stock adds up the last 10 days' closing prices and divides the total by 10.



Daily Technical Outlook

Wednesday Feburary 28,2001



KSE 100 - second consecutive closing above 1425 is positive. Resistance lies at 1450.


Pak Telecom - upward movement depends upon penetration of 20.20.



Hub Power - penetration of 21.75 level will be decisive.



PSO - immediate support level is 142.0.


The above information and advice is given in good faith, without any legal responsibility. Taurus Securities Limited or individuals connected with it may have used research material before publication and may have positions in or may be materially interested in the securities mentioned herein