Technical Analysis of Eastland Insurance on 24 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 am not that Confident about Eastland. Fundamentally, the numbers do
not look inviting (de-growth) but Technically it is in a nice position.
2013
|
2014
|
2015
|
Till Q3 '16
|
|
Profit
|
201
|
158
|
120
|
48
|
EPS
|
4.09
|
2.92
|
2.00
|
0.74
|
NOCFPS
|
2.70
|
1.50
|
1.00
|
|
Dividend
|
15%C
|
10%C
|
10%C
|
|
10%B
|
10%B
|
10%B
|
PE ~ 27! Is the market expecting a stellar Q4 and subsequent Q1 or is the market being its inefficient self?
If we look at weekly chart, we see that, if it can break
Resistance at 27.2, then next Supply Zones are at 30, 34, 36 and 40.
It is for the break-out traders. Currently, it could be a risky
move (I would set Tight Stop Loss at 25).
Best wishes to The Risk takers . . .
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