Stock Market: The MASI Continues to Climb and Approaches the Psychological Resistance of 20,000 Points

The bullish momentum of the Casablanca Stock Exchange remains strong. Since the end of June, the MASI index has embarked on an uninterrupted rally, achieving eight consecutive weeks of gains and accumulating over 10%. This sustained rise reflects a particularly robust technical setup based on long-term data. Weekly and monthly charts confirm the strength of the trend, suggesting a potential extension towards 21,000 points if the momentum continues. However, in the short term, signs of fatigue are emerging. Below the psychological threshold of 20,000 points, the market is taking a pause. Recent sessions have been characterized by a series of indecisive candlesticks, with the index failing to reach new highs for four days. This consolidation phase may lead to a trading range between 19,500 and 20,000 points before a possible new attempt to break through. As the quarterly earnings season intensifies next week, volatility could be reignited. With the deadline of August 31 approaching, investors will be closely monitoring the results of listed companies, which could influence upcoming market movements. For now, technical indicators remain firmly bullish, supporting the outlook for a continuation of the upward cycle, despite a short-term breathing phase.