Technical
Analysis of LINDE: Part 2 on 12 March 2017
This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in Dhaka Stock Exchange.
The previous analysis of Linde (done on 15 Dec 2016) failed – I should have
heeded the warning in the “poor” weekly chart: http://imti77az.blogspot.com/2016/12/technical-analysis-of-linde-on-15-dec.html
This time I will try to find probable areas where the fall might
stop! As in the previous article I mentioned, 1100 is a “good” buy point.
Fundamentally, it’s a very good company – but probably due to lower
than expected Dividend, the chart is breaking down.
It has support at:
~1235 – near current price
1200 is a strong support
1160 is another
support
1100 is STRONG Support
1053 and 1000 are
also Strong Support Zones
First let the weekly chart show signs of life – then I would
love to pick it on a reversal candle near a Support Zone . . .
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