OGDC Oil & Gas Dev. Corp. Ltd. Short Term Analysis 6th Mar. 2020
Downside Prevails
Our Pivot: 127
Our Preference: Short sell OGDC below 124.20 with strict stop loss of 127 and profit target at 119.34 with extension towards 116.60.
Alternate Scenario: Upward penetration of 127 will call for 128.60 and 131.
NOTE: OGDC is trying to bounce back after completing 61.8% correction of its last bearish rally, meanwhile its being capped by a resistant trend line on daily chart.
Daily chart with supports and resistances:
OGDC 10
Overview
Quick Snapshot
Free Float
645,139,260
O/S Shares
2,147,483,647
Market Cap. (m)
0.00
Var Value
12.50
Hair Cut
17.50
Last Price
Price Adjusted
52 Weeks Range
52w Low
52w High
Intraday
Pivots
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
3.04
3.66
QTD Price Return
3.04
3.66
3M Price Return
-3.27
-3.66
6M Price Return
0.54
0.63
9M Price Return
-10.71
-11.07
YTD Price Return
-0.41
-0.47
1Y Price Return
-12.96
-13.09
3Y Price Return
-57.76
-40.17
5Y Price Return
-60.96
-41.47