This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in Dhaka Stock Exchange.
This was the previous analysis: https://imti77az.blogspot.com/2017/01/technical-analysis-of-aci-part-2-on-29.html
ACI retraced to around 450 and then consolidated between 500-530
from May onwards.
It broke out today. There might be a pull-back before it starts
another bull move - interestingly next Resistance is at 600! SL @ 515
On a different note, ACI is sort of inversely related to the
Index - that is NOT to say that it MUST happen this time - but if ACI makes a
bullish move, will we see a correction in the Index?
No risk – no gain . . .
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