Technical Analysis of EHL: Part 2 on 20 Feb 2017
This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in Dhaka Stock Exchange.
First let me evaluate the previous analysis of EHL made on 16
Dec 2016: http://imti77az.blogspot.com/2016/12/technical-analysis-of-ehl-on-16-dec-2016.html
Proposition was: With a bullish stock market, if it breaks
Resistance at 46 (daily chart) and 48 (weekly chart), then next Resistances are
at 55, 60, 65.
Actual: As EHL has crossed previous High of 47.8, it if does not
go below 47.8 in the coming days, then next move will be up.
It seems to be on a serious bull move . . . it is ONLY for the risk-takers now . . .
No charts this time – as they were shared in previous analysis.
It seems to be on a serious bull move . . . it is ONLY for the risk-takers now . . .
No charts this time – as they were shared in previous analysis.
Can it build Skyscrapers (in the charts)? Let us see what happens . . .
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