Sunday, July 9, 2017

Technical Analysis of 1ST PRIMF MF on 9 July 2017

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

My personal opinion is that NLI 1ST MF and SEBL 1ST MF are the best MF in Bangladesh. However, for the technically inclined 1ST PRIMF MF could be interesting.

It gives Cash Dividends. It has been consolidating between 11.5 and 12.8 for more than 5 months. A break-out from the Rectangle gives a target ~14.1 - with the market in Bullish mood, 15 might be also likely.

Let us see what happens . . .



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