Technical Analysis of ACI: Part 2 on 29 Jan 2017 (after trading hours)
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
The initial analysis of ACI was shared on 3 Jan 2017: http://imti77az.blogspot.com/2017/01/technical-analysis-of-aci-on-3-jan-2017.html
Although I had expected ACI to retrace to around 400, it came down to 403 before taking off. Hope you could ride the wave . . .
It published good Q2 results. Last time I could not share the chart.
As ACI is on a bullish move, you might be able to pick it on the next retracement as shown in the chart.
On a separate note,
Hope you had a great ride
(in the crazy bull)
But now, we might have to pay the price . . .
Let's hope not!!!
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