Sunday, July 9, 2017

Technical Analysis of Makons: Part 3 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.

First let me evaluate the previous analysis done on 23 Jan 2017: http://imti77az.blogspot.com/2017/01/technical-analysis-of-maksons-part-two.html

Prediction: Maksons to reverse from 8.5 and move towards 10.5
Actual: It reversed from 8.2 and went up to 10.9

Then it retraced again till 8.8 and today broke 10.5. Now it might re-test 10.5 from above before moving towards 14 with SL @ 10.

It’s a risky Z-group stock.




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