Technical Analysis of Aftab Autos on 22 Feb 2017
This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Fundamentally, I would say it is an OK company – steady profits
but hardly any growth! I like the fact that it gives Cash Dividends although it
is declining.
2014
|
2015
|
2016
|
1H '17
|
|
Profit
|
383
|
292
|
268
|
136
|
EPS
|
4.00
|
3.05
|
2.80
|
1.42
|
Dividend
|
17%C
|
16%C
|
15%C
|
|
NOCFPS
|
3.6
|
-8.0
|
10.0
|
Now to the Technicals: I usually traded Aftab from 48 to 62+ (Trading
Range). But now it seems to be on an up move.
I am a bit late with the analysis. If it could be bought around 65-66, then there is a possibility that if it crosses ~71, then the next Resistances are at 74, 85 and ~90 and 100. Stop Loss would be 63.
I am a bit late with the analysis. If it could be bought around 65-66, then there is a possibility that if it crosses ~71, then the next Resistances are at 74, 85 and ~90 and 100. Stop Loss would be 63.
I don’t know the reasons for the up-move – could be something to do
with expansion and/or motorcycle manufacturing . . .
Let us see what happens . . .
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