Tuesday, June 20, 2017

Technical Analysis of BD THAI: Part 4 on 20 June 2017

Technical Analysis of BD THAI: Part 4 on 20 June 2017

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

First let me evaluate the previous analysis done on 10 March 2017: http://imti77az.blogspot.com/2017/03/technical-analysis-of-bd-thai-part-3-on.html

Forecast: Re-test 32 before going upwards
Actual: Failed – went down to 26

It bounced from 26 Support and broke a down-trend-line and is again moving upwards. A buy around 27 expecting at least 32 with SL at 26.5 could be “chanced”.





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