Wednesday, October 22, 2025

Technical Analysis of LHB Part - 2

This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

LHB is a good cement company. Even during this dull quarter, it performed well and gave interim dividend. 

It got support ~50 (low was 49.70) in the support zone mentioned in previous analysis

https://imti77az.blogspot.com/2025/09/technical-analysis-of-lhb.html

When the economy rebounds, it is likely to do better. Thus, it could be considered for mid-term investment.

Likely to go 67~70 by Q1 2026, if not higher.

In the meantime, there are few resistance zones above.

Support Zone is 48 to 50.




No comments:

Post a Comment