This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
BDCOM is a mid-cap IT stock.
After a 3-week rally from 23 to 35, it is under-going correction.
Technical Analysts use Fibonacci Retracements (to give it a semblance of Science!).
Thus, the rally retraced ~62%.
A counter-move might result soon.
However, if could settle around 26-26.5 (support zone), then the rally would be more likely.
SL 5% of buy price.
Let us see what happens.
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