SAZEW has repeated a similar long-term structure: an explosive bullish rally, consecutive high-volume months, bearish RSI divergence, and a subsequent correction of approximately 70%.
- 2016–2018: Price rallied from around PKR 9 to 154, followed by a 70.87% correction.
- 2023–2026: Price surged from around PKR 65 to 2,487 in approximately 2.5 years, again showing consecutive high-volume months and bearish RSI divergence.
- Current structure: Price has started correcting from its peak, with the monthly RSI weakening toward the 50 level.
Key question: Will SAZEW repeat its previous cycle with another deep correction, or eventually reclaim its all-time high?
The historical pattern highlights a potential cyclical similarity, not a guaranteed outcome. A reclaim of the previous high may take considerable time, while price confirmation and volume behaviour will be crucial in assessing the next phase.
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