GATM Gul Ahmed Textile Mills Ltd Analysis 19 Dec. 2016

• 2016-12-18 22:02:36
• 28 Comments
• 130 Views
• kse-analysis
• Noor Maier

Gul Ahmed Textile Mills Ltd.     Personal Goods (Textile)				Price:  52.09    Change: -2.31    2016-12-16
Open:	54.40	52 Week High:	61.20	Market Capitalization Mln:	15474.91
High:	54.40	52 Week Low:	32.99	Outstanding Shares. Mln:	297.08
Low:	51.71	52 Week Avg.:	42.61	KSE AllShares % Weight-age:	0.17
Close:	52.09	52 Week Max Vol.:	4674000	KSE100 % Weight-age:	0.16
Average:	53.15	52 Week Min Vol.:	12500	KSE30 % Weight-age:	Not Listed
Volume:	1769000	52 Week Total Vol.:	181529500	Data Last Updated:	2016-12-16

Rebound Insight Our Pivot: 47.32 Our Preference:  Start buying GATM from current price and average it out till 49.97 with strict stop loss of 47.32 and profit target at 60.59 and 62.80. Alternate Scenario: Downward penetration of 47.32 will call for 44.90. NOTE: GATM is moving in an upward price channel and right now its getting support from supportive trend line of said channel along with 61.8% weekly correction and a horizontal supportive region. Recommendations: Start buying from current price and average it out till 49.97 with target at 60.59 Weekly Chart with Supports and Resistances:

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