MLCF Maple Leaf Cement Factory Limited Analysis 18 Oct. 2016
Rebound Insight
Maple Leaf Cement Factory LimitedConstruction and Materials (Cement) |
Price: 94.18Change: -2.92 2016-10-17 |
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| Open: | 97.10 | 52 Week High: | 114.88 | Market Capitalization Mln: | 49701.98 | ||
|---|---|---|---|---|---|---|---|
| High: | 97.35 | 52 Week Low: | 64.10 | Outstanding Shares. Mln: | 527.73 | ||
| Low: | 93.00 | 52 Week Avg.: | 90.42 | KSE AllShares % Weight-age: | 0.59 | ||
| Close: | 94.18 | 52 Week Max Vol.: | 11793000 | KSE100 % Weight-age: | 1.04 | ||
| Average: | 95.41 | 52 Week Min Vol.: | 113000 | KSE30 % Weight-age: | 1.58 | ||
| Volume: | 902000 | 52 Week Total Vol.: | 478898500 | Data Last Updated: | 2016-10-17 | ||
Rebound Insight
Our Pivot: 85.28
Our Preference: Start buying MLCF from current price and average it out till 91.41 with strict stop loss of 85.28 and target at 100.20 with extension towards 108.94.
Alternate Scenario: Downward penetration of 85.28 will call for 79.25.
NOTE: MLCF is moving in an upward price channel and right now its getting support from supportive trend line of said channel along with a strong horizontal supportive region. Weekly 50% correction is also completed. Weekly and daily stochastic have generated crossover which is clear indication of a reversal pattern.
Recommendations:
Start buying from current price and average it out till 91.41 with targets at 100.20 and 108.94
Weekly Chart with Supports and Resistances:
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