#HBL Short #KSE100
Habib Bank Limited just entered the resistance area and should be looking to retrace back from here towards 85-88 region. KSE 100 index is over stretched at this point with a whopping 20% + upside rally in a short period which has also entered a significant resistance area. With uncertain economic conditions and no positive news coming out of the country to endless currency free fall there isn't much to look at, at this point. The fundamentals do not look so good in the short term unless there is some positive news about the elections. I would be cautious going long on stocks at this point.
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