The crucial week of the stock market / Is the stock market coming out of the negative cycle?

The stock market was all green in the last days of autumn, according to TradeNews. The total stock index grew by 5% compared to the previous week. Experts attribute the continuation of the positive trend to conditions.

“The stock market has gone through three difficult weeks,” said Payam Eliaskordi, a stock market expert. The total index fell from 1,450,000 to 1,290,000 and the shares were locked in the sell queue.

He added: “According to the technical analysis, about 1.4 million units will face resistance next week, and the stock exchange may have repetitive behavior.”

The expert said: the value of transactions in the last two days of the week was a little promising and probably next week the total index will reach about one million and 450 thousand units. If the value of transactions increases, positive news is transmitted and the reals are buyers and the reals do not offer, we will probably get out of the negative loop.

“Market conditions are good for early next week,” Eliassord said. From Monday, we will see the supply due to the approaching resistance. But if the mentioned cases do not happen, these offers can be purchased after two days with high trading volume and the market will not retreat again and we will cross this channel.

He added: “Next week, the confrontation between buyers and sellers in the channel of one million and 450 thousand units will show us whether it is possible to exit the descending channel or not.” Next week is a very important week due to the two unsuccessful attempts of the stock market to get out of this downward trend.

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