Technical Analysis of Regent Textiles on 25 Feb
2017
This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Fundamentals: I do not know much about the company (it is part
of the conglomerate of Habib Group that runs Regent Airlines, etc).
Steady profit around BDT 145 Mn in last 3 years with EPS ~1.2. I like the fact that it gave 5% Cash Dividend in last 2 years. There is an expansion story but I could not find anything definite.
Steady profit around BDT 145 Mn in last 3 years with EPS ~1.2. I like the fact that it gave 5% Cash Dividend in last 2 years. There is an expansion story but I could not find anything definite.
In this article, I had mentioned that Regent would face supply
around 18-21: http://imti77az.blogspot.com/2016/12/trying-to-predict-un-predictable-don.html
Now that it has reached 21, a new analysis needs to be done.
It has a bullish Technical formation. After retracement, it could target the next Resistances at 24.5 and then 30.
Stop Loss would be 1.5 points below entry price.
Can it then fly like its "namesake" Airlines? Let us see what happens . . .
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