This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Matin Spinning is one of the rare good companies listed in textile sector!
It gives 40-50% Cash Dividend.
Assuming 40% cash, Yield is 7% ~52.
It had been consolidating for around 7 months from 42 to 48.
After breaking out, it seems to have created Support ~ 52.
Now it needs to break 59~60 and then we might see a longer rally.
SL if it goes below 50.
Let us see what happens.
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