Technical Analysis of Ceylon Tobacco Company PLC (Colombo) on 9 April 2017

Technical Analysis of Companies in Sri Lanka: Ceylon Tobacco Company PLC (Colombo) on 9 April 2017

This is no buy/sell recommendation – just a trial to see if Technical Analysis (works to an extent) in Sri Lanka.

It is a growth company:

Period Ending:	31-Dec-16	31-Dec-15	31-Dec-14	31-Dec-13
Total Revenue	31,747	26,099	21,739	21,618
Gross Profit	28,473	23,123	19,129	18,916
Operating Income	20,369	17,517	14,184	14,509
Net Income	12,559	10,634	8,619	9,140

From a High of 1140 in May ’16, it reached ~800 in Dec ’16. Now it seems to be reversing.

It could face some Supply ~927, ~968 before facing Major Resistance ~ 1000.

It could be a buy now with SL @ 875.

Let us see what happens . . .