Technical Analysis of MJLBD 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.
Fundamentally, it is a good company.
Current fall might be due to rumors of GOB reducing price of LPG.
Now to the Technicals: Recently it has created a Head And Shoulders pattern - down target estimate is ~104.
Hope to catch the reversal . . .
Best wishes . . .
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