Technical Analysis of Malek Spinning on 16 March 2017
This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Brief Fundamental Analysis: Malek Spinning’s profit has been
declining from 2012 onward although it has maintained 10% Annual Cash Dividend.
|
|
2012
|
2013
|
2014
|
2015
|
Q2 '16
|
|
Profit
|
543
|
450
|
397
|
294
|
103
|
|
EPS
|
2.80
|
2.32
|
2.05
|
1.52
|
0.53
|
|
Dividend
|
10% C
|
10% C
|
12%C
|
10%C
|
|
|
NOCFPS
|
2.0
|
3.0
|
4.0
|
1.7
|
|
PE ~ 23 & HY EPS ~ 0.5 - not impressive at all ...
However, technically, it’s on a bull move and has just broken
through Resistance at 24. Next Supply zones are at 26.5-27, 30, 32.5, 35, etc.
Its price rise might be due to speculation – the market
expecting a better Q3 ...
It is for the break-out trader – the risk-taker
(keeping Stop Loss at 7%) . . .
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