Three Reasons To Be Cautiously Optimistic

We have been burned before trying to call the recovery in the Bahrain All-Share Index (BASI), whose illiquidity makes it difficult to predict, but we do note that it has potential to outperform when it does recover. While the majority of the region's bourses have bounced with the Dow Jones and oil prices, since March 2009, Bahrain did not bottom out until December 2009, is up just 5.2% since then, and even now remains in a gently sloping downward trend channel. If it can break out of this channel, which provides resistance at 1,525, then it could head towards its

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