Technical Analysis of Anlima Yarn on 27 March 2017
This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in Dhaka Stock Exchange.
I don’t know much about the company except that EPS ~ 1 and it
gives 10% Cash Dividend every year. PE ~ 35.
Now to the Technicals: From 26 at end of ’16, it had a run to
40.3 on 8 Feb ’17 and then after 50% Fibo retracement, it has broken a down
trend line (and re-test also complete). Today’s move on high volume implies
bullishness.
It might slow down a bit before next up move offering the risk-taker a chance to enter (with Stop Loss at 5% of
entry price) . . .
No comments:
Post a Comment