Technical Analysis of Aman Feed on 19 Feb 2017

Technical Analysis of Aman Feed on 19 Feb 2017

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

It is one of my favorite Fundamental Companies! PE @ 16 with good profit and EPS growth.

I like the fact it is increasing its Cash Dividends.

	2014	2015	2016	1H '17
Profit	298	305	430	287
EPS	4.97	3.81	4.48	2.72
Dividend		10%C + 20%B	20%C + 10%B
NOCFPS		0.3	3.4

With capacity expansion, we could expect future growth.

Now to the Technicals: It has a similar pattern to GHAIL. 

From a double bottom of 67+, it has started a bullish move by breaking Resistances and then consolidating and targeting the upper Resistance Levels. 

Resistance at 75 and 80 were broken and now 85 is being taken care of. If it can break 90 and close above 92, you better fasten your seat belt.

Stop loss would be 80 – however, I am confident of a Big Bull Run . . .

Can it emulate GHAIL? Let us see . .  .