Technical Analysis of ACME Laboratories Ltd on 2 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.
Generally, I do not trade IPO stocks as there is not much
historical data.
Fundamental Analysis: It is supposed to be a good company. There
is profit and EPS growth. I also liked its dividend payout. PE around 15 seems
OK.
2013
|
2014
|
2015
|
2016
|
|
Profit
|
506
|
894
|
922
|
1,101
|
EPS
|
4.19
|
5.65
|
4.36
|
6.55
|
Dividend
|
35%C
|
Now to the Technicals:
Weekly chart is not completely bullish yet – might need
confirmation in the coming days.
Daily Charts: Looks good: It seems to have broken a down trend
line – indicating end of down trend. There could be a re-test around 101, which
could be a safer buy point.
Stop loss would be 97.
I would wait for confirmation in weekly and successful re-test
in daily
Let us see what happens . . .
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