This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Olympic had a six-month rally (from Nov 22 to April 23) from 113.5 to 180.
After that we saw a correction to 141 - calling it Wave A.
Then we had a weaker rally on low volume to ~163 - Wave B.
Thus, Wave C pending. It could be from .62A (~139) to 1.62A (~100).
There is Support around 138~140 - we may watch if this holds. But if 138 is broken in future, then assuming A=C, the down move could take price to ~124.
We could expect a rally after that.
Warning: Worst case might be near 100. Hope it does not break 100 - then would have to re-do the analysis (for a bearish scenario).
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