PKGP Pak Gen Power Short-Term Analysis 02 Nov. 2015
Rebound Insight
Our Pivot: 20.69
Our Preference: Buy PKGP above 25.62 and add averages till 23.67 with strict stop loss of 20.69 and profit target at 29.67 and 32.62.
Alternate Scenario: Downward penetration of 20.69 will call for 19.59.
NOTE: PKGP is moving in a downward price channel and it have fulfilled its 50% weekly correction, now its getting support from a horizontal supports along with supportive trend line of said channel and correction levels.
Recommendations:
Buy above 25.62 and average out till 23.67 with target at 29.67 and 30.62
Weekly Chart with Supports and Resistances:
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John Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Diana Doe
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