Technical Analysis of BDLAMPS on 27 Nov 2016

Technical Analysis of BDLAMPS as on 27 Nov 2016 (before trading hours of 28 Nov 2016)

This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

I don't think this is for those of the Fundamental-minded with PE ~ 50! However, it gives 20% Cash Dividend Annually. 

BD Lamps broke a down-trend line and then re-tested the down-trend line on 27 Non 2016.

For Risk-takers: Take position once it breaks up with High Volume (stop loss if it goes below 168) and targeting the Resistances.

I might not trade it as there are other better opportunities in the market at the moment - however, I could not resist putting it as it is "technically perfectly set-up" for short-term trade.

Let us see what happens . .