Technical Analysis of DESCO on 7 March 2017
This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Fundamentally it is a good company although profit in 2016 was
surprisingly low. If it can maintain profit of last two quarters, then increase
in price could be expected.
2012
|
2013
|
2014
|
2015
|
2016
|
Q2 '17
|
|
Profit
|
839
|
805
|
669
|
1,635
|
445
|
525
|
EPS
|
3.23
|
2.69
|
1.94
|
4.32
|
1.12
|
1.32
|
NOCFPS
|
10.80
|
10.80
|
7.70
|
8.30
|
8.30
|
|
Dividend
|
10%C
|
10%C
|
5%C
|
10%C
|
10%C
|
|
15%B
|
15%B
|
10%B
|
5%B
|
Now to the Technicals: I am a bit late with the analysis. Ideal
buy price is around 47.
It is trying to break a major Resistance ~59-60. Next Supply zones are ~65,
~70, ~75 & ~80. The way it is shaping up, a long position could be taken
(if already not taken) ~ 57. Stop Loss would be 55
Best wishes . . . without any charts this time . . .
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