Wednesday, October 25, 2023

Technical Analysis of EGEN - eGeneration Ltd - an IT Company

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

eGen started trading on 23 Feb 2021.

It had a stellar run from 15 to ~70.

After that, it has been undergoing correction (FLAT).

Taking C=A, the down target is 40.5 (Floor at Block Market is 40.6).

62 Fibo is ~36.

Currently, it is stuck at Floor = 45.2.

Nothing urgent, but we could watch when it starts trading as there is future possibility of another UP-move.




 

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