Sunday, January 29, 2017

Technical Analysis of ACI: Part 2 on 29 Jan 2017

Technical Analysis of ACI: Part 2 on 29 Jan 2017 (after trading hours)

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

The initial analysis of ACI was shared on 3 Jan 2017: http://imti77az.blogspot.com/2017/01/technical-analysis-of-aci-on-3-jan-2017.html 

Although I had expected ACI to retrace to around 400, it came down to 403 before taking off. Hope you could ride the wave . . .

It published good Q2 results. Last time I could not share the chart.

As ACI is on a bullish move, you might be able to pick it on the next retracement as shown in the chart.

On a separate note,
        Hope you had a great ride
                         (in the crazy bull)
But now, we might have to pay the price . . .
Let's hope not!!!


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