"PTC" Pakistan Telecommunications Analysis 08 March 2013

PTC7PTC Bullish Bias above 20.73 Our Prefrence:  As long as 21.06 and 20.73 are sustained as supports buy PTC with Target at 22.78 0n Intraday basis, look for 24.81 and 25.23 on Mid Term Bases Alternative Scenario: Downward breakage of 20.73 will call for 20.53 and 19.93 NOTE: PTC have came out of its upward channel for a correction after reaching a serious overbought region but seems to take a short term reversal from 21.06 and 20.73 on intraday bases, Day traders can make profits by using smart strategies by buying with stoploss of 21.06 and selling around 22.78. Currently a cross between 4 days and 9 days moving average is pushing it downward but its a pretty good news that stochastic have came to an oversold region. Mid Term Note: On Mid Term bases PTC is good to buy above 19.93 with profit target at 25.23 as it is moving technically and its bearish move in last few trading sessions indicates that in upcoming days its going to get a sharp bullish reversal. PTC

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John Doe

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Diana Doe

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Melissa 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.

Peter 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.

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