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Monday, October 16th, 2017

AKD Securities Equity Research – Trigger Shark

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by November 24, 2014 Brokerage

Karachi, November 24, 2014 (PPI-OT): Expanding Triangle Resistance in Play

Short‐Term: A dark cloud cover at upper boundary of an expanding triangle has interrupted the short‐term bull trend. Expect resistance in 31,620 — 31,848 levels capping the recovery attempt. Slippage below 30,989 — 30,970 levels would expose weakness towards 30,194 levels. Sell in 31,620 — 31,848 levels, targeting 30,629 — 30,582 and 30,194 levels.

General Outlook: Wave D of an expanding triangle seems to have petered out after a retreat from the upper line. This broader consolidation pattern remains valid below 32,282 levels (150% Retracement) where a relapse below 29,940 can transpire an impulsive fall in wave E (final leg of correction) at least towards the gap between 28,179 — 27,866 levels. On the other hand, the KSE 30‐Index is lagging behind creating a negative divergence with the KSE 100‐Index. AKD Securities needs a break above 29,284 levels to consider an alternate count.

13‐day Leaders: JSCL, MARI, GRAYS, ABOT, SHFA, EFUG, SSGC, JLICL, ENGRO and MUREB

13‐day Laggards: SNBL, UBL, ARM, BOP, JDWS, KEL, FML, POL, PSEL and RMPL
Short
21 day Avg. 14 day 52 Week 52 Week 55 Day 55 Day General Trading
Scrip Close % Chg 21 MA 34 MA 55MA 144 MA 233 MA Term Trading Stance S3 S2 S1 PIVOT R1 R2 R3
Volume RSI High Low High Low Profile Stop
Trend
OGDC 231.35 (0.35)
1,172,952
42.96 232.33 236.38 246.18 249.16 254.40 282.74 220.65 271.35 220.65 Bearish Neutral Awaiting a Signal 232.52 228.13 229.62 230.48 231.97 232.83 234.32 235.18
POL 477.39 1.62
292,605
39.76 486.46 496.34 515.17 518.75 504.00 570.49 405.70 569.85 466.50 Bearish Negative Sell 485.25 456.61 463.81 470.60 477.80 484.59 491.79 498.58
PPL 202.54 0.90
1,812,924
40.30 205.00 208.35 212.59 214.29 213.58 240.52 194.00 226.97 200.01 Bearish Neutral Awaiting a Signal 206.01 201.03 201.51 202.03 202.51 203.03 203.51 204.03
PSO 362.74 0.57
2,417,200
57.35 348.66 347.73 353.80 375.57 359.88 451.99 256.90 383.80 322.10 Neutral Positive Neutral 351.05 355.84 357.93 360.33 362.42 364.82 366.91 369.31
ATRL 195.94 0.93
561,091
45.48 198.72 204.11 200.24 206.69 210.48 242.05 173.80 225.60 178.01 Bearish Negative Sell 203.51 189.96 191.98 193.96 195.98 197.96 199.98 201.96
APL 555.82 (0.06)
72,214
49.50 555.85 549.56 549.98 544.15 521.17 582.00 404.70 582.00 515.00 Bullish Positive Buy 549.53 542.38 548.74 552.28 558.64 562.18 568.54 572.08
NRL 190.11 0.63
145,857
46.66 189.46 194.48 194.52 204.71 209.42 249.00 174.11 218.40 175.75 Bearish Negative Sell 196.48 184.41 186.70 188.41 190.70 192.41 194.70 196.41
MARI 688.87 (2.66)
929,181
66.13 576.99 551.93 497.90 399.33 330.91 802.53 165.27 802.53 361.13 Bullish Positive Buy 617.02 613.08 642.69 665.78 695.39 718.48 748.09 771.18
BYCO 9.94 1.95
1,645,024
47.17 9.99 10.03 10.08 10.77 10.55 13.35 8.26 10.97 9.32 Bearish Neutral Awaiting a Signal 10.17 9.57 9.68 9.81 9.92 10.05 10.16 10.29
MCB 287.19 1.75
379,143
58.29 281.27 281.53 280.30 282.88 268.69 304.00 223.77 292.70 267.20 Bullish Neutral Awaiting a Signal 282.86 274.53 277.76 282.48 285.71 290.43 293.66 298.38
NBP 62.47 0.77
3,011,000
58.73 61.00 60.93 60.24 59.78 58.12 64.45 47.80 64.45 56.64 Bullish Positive Buy 61.68 61.51 61.76 62.11 62.36 62.71 62.96 63.31
HBL 209.49 1.20
212,700
48.78 212.28 209.88 205.05 190.95 175.58 218.00 133.50 218.00 183.25 Bullish Neutral Awaiting a Signal 209.59 199.66 202.83 206.16 209.33 212.66 215.83 219.16
UBL 180.29 0.07
1,273,576
33.29 189.29 189.14 187.92 178.58 161.91 199.50 116.00 197.88 170.60 Bearish Neutral Awaiting a Signal 188.15 173.69 176.10 178.19 180.60 182.69 185.10 187.19
BAFL 31.01 0.68
3,280,953
59.75 30.34 29.87 29.41 28.31 27.45 32.10 22.31 32.10 27.01 Bullish Positive Buy 30.38 30.31 30.60 30.81 31.10 31.31 31.60 31.81
AKBL 21.97 (0.18)
2,560,072
42.10 22.51 22.35 21.92 20.27 18.31 23.38 11.94 23.38 19.15 Neutral Positive Neutral 22.64 21.56 21.76 21.86 22.06 22.16 22.36 22.46
ABL 115.90 0.61
258,138
42.67 119.43 118.95 115.05 120.45 106.73 138.00 73.74 124.99 105.00 Neutral Negative Neutral 120.00 114.52 115.03 115.47 115.98 116.42 116.93 117.37
BOP 8.28 (0.12)
5,768,834
38.67 8.72 8.53 8.36 8.86 9.67 12.74 7.00 9.19 7.50 Bullish Neutral Awaiting a Signal 8.72 7.91 8.08 8.18 8.35 8.45 8.62 8.72
MEBL 50.25 0.50
410,476
60.07 49.25 46.30 44.38 42.04 40.67 53.70 36.15 53.70 40.06 Bullish Positive Buy 48.23 46.55 48.03 49.14 50.62 51.73 53.21 54.32
BIPL 10.00 0.40
131,333
45.22 10.28 10.10 10.03 10.14 9.63 12.00 5.62 11.20 9.26 Bullish Positive Awaiting a Signal 10.30 9.42 9.59 9.80 9.97 10.18 10.35 10.56
FFC 119.14 0.51
1,346,757
59.05 118.03 116.63 115.74 110.77 108.27 120.99 94.80 120.99 110.10 Bullish Positive Buy 117.60 117.12 117.83 118.48 119.19 119.84 120.55 121.20
FFBL 42.16 (0.31)
1,057,310
58.00 41.51 41.27 41.20 39.41 39.87 43.40 34.65 43.20 37.55 Bullish Positive Buy 41.60 41.54 41.82 41.99 42.27 42.44 42.72 42.89
ENGRO 201.97 0.99
4,282,895
69.47 179.81 174.61 173.42 181.18 178.49 216.60 133.83 216.60 158.01 Bullish Positive Buy 188.86 198.69 200.04 201.01 202.36 203.33 204.68 205.65
FATIMA 31.63 0.64
1,696,024
63.33 31.18 30.35 29.15 29.33 28.53 32.80 24.46 32.50 25.52 Bullish Positive Buy 30.83 31.25 31.38 31.50 31.63 31.75 31.88 32.00
DAWH 80.50 2.03
420,048
61.29 78.42 77.25 74.03 72.67 73.18 95.00 50.15 83.36 56.16 Bullish Positive Buy 79.06 77.00 78.50 79.50 81.00 82.00 83.50 84.50
DGKC 88.77 0.79
6,224,619
62.33 84.85 81.55 79.73 81.27 83.40 94.25 66.07 93.50 68.51 Bullish Positive Buy 85.25 85.43 86.46 87.62 88.65 89.81 90.84 92.00
LUCK 467.38 (0.35)
1,009,514
65.17 438.50 423.01 408.45 384.93 355.83 502.50 252.00 502.50 328.00 Bullish Positive Buy 446.75 454.17 459.84 463.61 469.28 473.05 478.72 482.49
ACPL 173.24 0.77
40,976
49.02 173.39 173.85 175.37 166.30 155.60 187.60 123.00 187.60 162.18 Neutral Neutral Neutral 173.00 166.89 168.45 170.84 172.40 174.79 176.35 178.74
FCCL 22.25 0.23
4,647,143
56.73 22.06 21.45 20.56 19.15 17.58 23.28 10.82 23.28 17.38 Bullish Positive Buy 22.02 21.93 22.05 22.15 22.27 22.37 22.49 22.59
LPCL 16.50 2.42
4,563,786
57.45 16.07 16.29 16.21 15.42 13.60 17.52 7.02 17.44 15.01 Neutral Negative Neutral 16.18 15.63 15.90 16.20 16.47 16.77 17.04 17.34
DCL 7.10 1.28
1,864,405
46.03 7.38 7.25 6.94 7.11 7.43 10.04 4.90 8.19 5.75 Neutral Neutral Neutral 7.46 6.50 6.70 6.90 7.10 7.30 7.50 7.70
MLCF 34.03 0.03

10,901,452 75.53 31.46 30.20 29.47 29.74 29.32 35.15 23.36 35.15 25.61 Bullish Positive Buy 31.95 32.70 33.24 33.63 34.17 34.56 35.10 35.49
SSGC 33.73 4.98
2,191,595
80.41 29.43 28.84 28.68 31.14 29.43 38.20 23.15 33.73 25.25 Bullish Positive Buy 30.09 33.73 33.73 33.73 33.73 33.73 33.73 33.73
SNGP 22.49 5.00
658,714
68.25 20.92 21.05 20.98 21.80 21.76 24.68 18.50 22.49 18.65 Bullish Positive Buy 21.22 22.49 22.49 22.49 22.49 22.49 22.49 22.49
HUBC 70.98 0.03
2,338,024
67.78 67.94 66.79 65.20 58.90 56.75 72.50 47.02 72.50 57.70 Bullish Positive Buy 67.90 69.65 70.13 70.55 71.03 71.45 71.93 72.35
KAPCO 71.03 0.10
1,068,905
72.03 68.32 66.74 65.84 62.49 61.39 71.50 53.15 71.50 62.00 Bullish Positive Buy 66.85 69.52 70.01 70.52 71.01 71.52 72.01 72.52
KEL 7.38 2.22
5,307,119
40.23 7.68 7.70 7.87 7.72 7.17 9.25 5.29 8.57 7.15 Bearish Negative Sell 7.72 7.05 7.14 7.26 7.35 7.47 7.56 7.68
AICL 47.68 1.36
3,236,191
53.15 47.08 46.80 46.42 46.30 43.82 50.65 30.98 50.20 43.67 Bullish Positive Buy 47.55 46.63 46.94 47.31 47.62 47.99 48.30 48.67
NML 116.58 (0.34)
2,053,429
48.00 118.02 117.72 114.93 110.74 116.37 137.70 92.80 125.65 96.50 Neutral Positive Neutral 117.58 113.54 114.69 115.64 116.79 117.74 118.89 119.84
JSCL 15.84 6.74

13,911,024 80.93 12.03 11.24 10.82 10.65 10.83 15.84 7.50 15.84 7.92 Bullish Positive Buy 12.62 14.11 14.45 15.15 15.49 16.19 16.53 17.23
AHCL 23.21 0.17
481,405
42.78 23.27 23.84 24.58 26.69 25.80 32.09 21.25 26.73 22.15 Bearish Positive Awaiting a Signal 23.40 22.66 22.86 23.03 23.23 23.40 23.60 23.77
ANL 5.83 4.67
2,546,072
59.51 5.48 5.34 5.33 5.72 6.59 10.65 4.44 6.36 4.65 Bullish Positive Buy 5.64 5.21 5.40 5.61 5.80 6.01 6.20 6.41
PTC 21.46 (0.23)
3,256,381
45.42 21.15 22.00 22.91 24.89 26.10 31.50 20.64 25.75 20.64 Bearish Positive Awaiting a Signal 21.47 20.86 21.14 21.30 21.58 21.74 22.02 22.18
TELE 3.41 (0.29)
843,976
45.45 3.48 3.62 3.56 4.04 4.51 6.15 2.81 4.41 3.07 Bearish Negative Sell 3.55 3.17 3.28 3.35 3.46 3.53 3.64 3.71
WTL 1.61 (0.62)
732,310
37.01 1.68 1.74 1.79 2.04 2.25 3.11 1.51 2.05 1.51 Bearish Negative Sell 1.67 1.35 1.43 1.52 1.60 1.69 1.77 1.86
LOTCHEM 6.77 (0.15)
1,185,524
43.82 6.91 6.93 6.91 7.07 7.14 8.40 6.15 7.48 6.42 Bearish Positive Awaiting a Signal 7.01 6.56 6.66 6.71 6.81 6.86 6.96 7.01

The post AKD Securities Equity Research – Trigger Shark appeared first on AsiaNet-Pakistan.

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