Saturday, December 23, 2023

Technical Analysis of Sea Pearl Limited

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

Its earnings are OK - but DEBT is the challenge.

If we assume that current move is Wave 4, then in future an up move (Wave 5) possible given that it does not close below 82. A close below 82 would make this analysis invalid.

First it needs to stop falling and then consolidate above 82+ . . . So let us watch to see future price action . . . 





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