Thursday, February 23, 2017

Technical Analysis of Titas Gas: Part 2 on 23 Feb 2017

Technical Analysis of Titas Gas: Part 2 on 23 Feb 2017

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

The previous analysis of Titas failed as Stop Loss had to be implemented: http://imti77az.blogspot.com/2017/01/technical-analysis-of-titas-gas-on-16.html

However, the idea remains the same. Titas has broken out again and the next Supply Zones are at 60 and then sort of “empty space” till 75+

It’s for the risk taking Technicians. I would set a stop loss of 56. Previous chart still applies.

Let us see how much gas the balloon has? Where could it end up? In the sky or back to the ground AGAIN?



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