The QSE index inched up by 0.17% on low volumes vs the week before; it reflected the indecisiveness of market participants throughout the week. Technical indicators are flat, thus no solid signal can be derived at this junction. The expected support and resistance levels remain at 11,000 points and 12,000 points,
respectively.
Candlestick chart – A candlestick chart is a price chart that displays the high, low, open, and close for a security. The ‘body’ of the chart is portion between the open and close price, while the high and low intraday movements form the ‘shadow’. The candlestick may represent any time frame. We use a one-day candlestick chart (every candlestick represents one trading day) in our analysis.
Doji candlestick pattern – A Doji candlestick is formed when a security’s open and close are practically equal. The pattern indicates indecisiveness, and based on preceding price actions and future confirmation, may indicate a bullish or bearish trend reversal.

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