This is no buy/sell recommendation -
just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock
Exchange.
First let me evaluate Bengalwtl’s
previous analysis done on 7 Feb 2017: http://imti77az.blogspot.com/2017/02/technical-analysis-of-bengalwtl-on-7.html
Prediction:
A contrarian buy ~41 on 7 Feb 2017
Actual:
From 8 Feb 2017 onward, it shot up to 53 on 9 March 2017
After that peak, it underwent 62 Fibo Retracement
and is on another bull move. A run to 53-54 would be OK.
Later on if it can cross 57, the profit
potential is huge.
Let us see what happens . . .
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