This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
There is nothing much fundamental about Al-Haj.
Floor = 132.10
There was a rally early in the year (2023) and then it is under-going (FLAT) correction.
It seems this phase of correction is nearing its end (few more days probably) - it has some space to fall further and even get stuck at floor.
But we could watch in coming weeks whether it produces another rally or not?
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.
Technical Analysis of Cotton Week 43
23 Oct 2023
Cotton No 2 Futures @ ICEUS
Monthly Chart
It seems Cotton will likely break the triangle and move downwards.
Expecting a down move ~.50
Considering the triangle as a Flag, there might be more downside.
