Technical Analysis of SAPORT on 27 Feb 2017
This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Fundamentals: I do not know much about the company. Its EPS is
<1. PE ~ 60+ is scary. Nothing special!
Now to the Technicals: It went on a run from around 37 to 55 and
then retraced to 43 creating a “wedge”. Recently, it has broken the wedge (and
it seems re-test also complete). I think it might not go below 45 in the coming days.
Pattern target is around 60. I would set Stop Loss at 42.8
It is more for the risk-taker or technically inclined . . .
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