MASI: Looking Overbought Already?

Moroccan stocks are bucking the regional (and global) trend, having staged a rapid recovery since the start of the year. The benchmark Morocco All-Share Index (MASI) pushed through resistance at 10,600 and is now heading towards the next key level at 11,800. However, it would take a break of 13,000 to get the index back above its long-term upward trend line.

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