This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
ACI is returning from loss (might be a turnaround case). Fundamentally nothing great yet.
However, the technical chart is bullish.
After a rally from Nov 24 to mid-April 25 (High of 214.30), it seems to be consolidating in a triangle formation.
A breakout and cross of 215 could see a rally to 250~260 levels (260.20 was floor). Or it might come down to 170~180 levels and then break-out.
Let us see what happens.
SL below 165.0
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