Domistock Tools Used:
Assets charted: Karachi 100 index (.KSE)
It’s just been a few months that India’s Karachi 100 index was ranked as a “Winner” by DomiStock but in the last sessions it got downgraded to “Loser”. This technical status of being both a Loser and a Recent Winner makes KSE a strong candidate for DomiStock’s “Long the Loser” strategy.
The fact that DomiStock has seen the last downward KSE rally as deflationary, that it rates its price after todays close as deflated too and that it has given a positive hedging signal, makes the Indian Index an even stronger candidate for the “Long the Loser” strategy.
“Long the Loser” is a contrarian strategy. Most momentum driven technical systems are screaming “sell” right now. But according to this DomiStock strategy, KSE might just be a strong buying opportunity.
