Monday, March 13, 2017

Technical Analysis of Lafarge on 13 March 2017

Technical Analysis of Lafarge on 13 March 2017

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

From a Technical perspective, quite a few indicators are in Oversold region – thus, a bounce from Lafarge could be expected.

It also has support at 74.

However, weekly chart does not look good. Will bears sell on the bounce or will it reverse?

Let us see what happens . . . 

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