PUBALIBANK Review | Share Analysis | Dhaka Stock Exchange | Got Return? Become An Investor

DISCLAIMER: Although I have been correct about these analysis dozens of times, it doesn't mean that I am correct this time. You'll have to connect to the information and then will have to make a decision for yourself. This is purely based on my expert opinion and there are no guarantees. Trading stock, forex etc carries high risk. As you trade with your own risk, be self-dependent and learn properly.

PUBALIBANK Review

It's an interesting fact when it comes to making a decision on buying or selling a share. Because traders then classified themselves into 2 categories. Technicians and Fundamentalists. But in reality, there is lots of overlap.

As per Technical Analysis on 17 August 2017 :


Point-1: 'Rounding Bottom' was formed and the price went up from 17.80 Tk to 28.70 Tk. Rounding Bottom Neckline was at 22.50 Tk.

Point-2: After hitting the price target according to the Rounding Bottom, price faced a key resistance at 28 Tk and then moved down towards the Rounding Bottom Neckline.

Point-3: Rounding Bottom Neckline almost always works as a support. In this case, it was same. Also 200 Days WMA acted as a major support alongside Rounding Bottom Neckline. Then price started to consolidating near 200 days WMA and 22.50 Tk. After ending the consolidation, price moved higher towards the previous swing high level at 28.70 Tk.

Tips for the investors : Never Let a Winner Turn Into a Loser.

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