Technical Analysis of United Finance on 23 March 2017
This is no buy/sell recommendation - just a trial to see if Technical
Analysis (works to an extent) in Dhaka Stock Exchange.
United Finance’s profits and dividends are quite steady. It had
a Big Bull Run from 16.1 to 30.1 from mid-May ’16 to 13 March ’17 (around 8
months). Now we could expect a retracement before the next bull run . . .
I am dreaming of picking it around the early 20’s in future!
N.B. I used un-adjusted numbers so the chart looks weird . . .
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