SSGC Sui Southern Gas Co Ltd Mid-Term Analysis 26 Dec. 2016

• 2016-12-26 02:27:57
• 28 Comments
• 132 Views
• kse-analysis
• Noor Maier

Sui Southern Gas Co. Ltd. Multiutilities (Gas and water)				Price:  35.68 Change: -0.37    2016-12-23
Open:	36.05	52 Week High:	49.34	Market Capitalization Mln:	31431.10
High:	36.49	52 Week Low:	23.97	Outstanding Shares. Mln:	880.92
Low:	35.36	52 Week Avg.:	33.04	KSE AllShares % Weight-age:	0.34
Close:	35.68	52 Week Max Vol.:	30384500	KSE100 % Weight-age:	0.39
Average:	35.90	52 Week Min Vol.:	460000	KSE30 % Weight-age:	0.59
Volume:	3315000	52 Week Total Vol.:	1464462500	Data Last Updated:	2016-12-23

Rebound Insight Our Pivot: 30.92 Our Preference:  Buy above 35 and average it out till 33.22 with strict stop loss of 30.92 and profit target at 41.94 with extension towards 44.76. Alternate Scenario: Downward penetration of 30.92 will call for 26.14. NOTE: SSGC have dropped by 25.09% in one month while completing its 61.8% correction on weekly chart and right now its getting support from a rising trend line on its retracement level along with a horizontal supportive region. Weekly Stochastic is trying to generate a bullish crossover which can push it back towards 41.94. Recommendations: Buy above 35 Rs and average it out till 33.22 with strict stop loss of 30.92 and target at 41.94. Weekly Chart with Supports and Resistances:

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