Technical Analysis of Keya on 19 Nov 2016.
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Fundamentally, it might not be that good a company - it only gives Stock Dividends.
However, technically, it is taking nice shape from Low of 9.5 (where it seems Supply has ended).
Probable (up) movement unless it falls back - when stop loss of 9.5 needs to be implemented:
Alternative 1: Price to rise to 11 - pull back to around 10.5 - and next move to 12, then 13
Alternative 2: Rise to 11.5, retracement to 11 - next move to 12.5 / 13
Let us see what happens
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Fundamentally, it might not be that good a company - it only gives Stock Dividends.
However, technically, it is taking nice shape from Low of 9.5 (where it seems Supply has ended).
Probable (up) movement unless it falls back - when stop loss of 9.5 needs to be implemented:
Alternative 1: Price to rise to 11 - pull back to around 10.5 - and next move to 12, then 13
Alternative 2: Rise to 11.5, retracement to 11 - next move to 12.5 / 13
Let us see what happens
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