Technical Analysis of Pubali Bank 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 is an "average" company - last two years, it has been giving at least 10% Cash Dividend.
However, technically, daily chart is taking a nice shape although weekly chart is "uncouth".
Possible buy around 19 - could see a run to 22, even 24 (stop loss if it goes below 19).
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Fundamentally, it is an "average" company - last two years, it has been giving at least 10% Cash Dividend.
However, technically, daily chart is taking a nice shape although weekly chart is "uncouth".
Possible buy around 19 - could see a run to 22, even 24 (stop loss if it goes below 19).
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