This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
It seems SEMLLECMF has bottomed at 6.60.
It will most likely be converted to an Open-ended fund (NAV 10+) by end of 2025.
Current price is ~7.
Current bullish market likely to increase NAV. Even if we consider a lower NAV of say 9 to be on safe side, still it seems to have good return potential (7 to 9 is ~28%) with minimal risk.
Before making decision, one should evaluate:
- The Sponsors
- The existing portfolio
- Holding composition
VAMLBDMF is another alternative.
For precedence, one could check ATCSLGF MF movement in March 2025.
Technically, it could run to 9-10.
SL is 5 percent of buy price.
Let us see what happens.
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