Sunday, July 9, 2017

Technical Analysis of Sha Sha Denims: Part 2 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 27 Jan 2017: http://imti77az.blogspot.com/2017/01/technical-analysis-of-sha-sha-denims-on.html

The retracement scenario was given – Sha Sha seems to be reversing from ~65.

It has broken a down-trend line. Market is probably speculating of good dividends; 84 seems like the Major Resistance at the moment. SL @ 70.

No risk – no gain . . .



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