ASL Aisha Steel Limited Mid-term Analysis 17th July 2018

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Rebound Insight

Our Pivot: 11.90

Our Preference: Buy ASL above 13.17 with strict stop loss of 11.90 and profit target at 15.93 and 18.26.

Alternate Scenario: Downward penetration of 11.90 will call for 9.80

NOTE: ASL is moving in a downward price channel on weekly chart and it's about to complete third primary wave of its bearish Elliot Wave. Right now its going to face a strong support from a horizontal supportive region and in case of penetration it would find ground at supportive trend line of said channel.

Weekly chart with supports and resistances:

ASL 2
Overview
Quick Snapshot
Free Float

267,935,256

O/S Shares

765,529,303

Market Cap. (m)

0.00

Var Value

23.00

Hair Cut

27.50

Last Price

7.81

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports7.757.697.63
Resistances7.877.937.99
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
-0.62
-4.38
QTD Price Return
-0.62
-4.38
3M Price Return
-1.97
-12.71
6M Price Return
-5.07
-27.26
9M Price Return
-10.47
-43.63
YTD Price Return
-1.46
-9.74
1Y Price Return
-11.47
-45.88
3Y Price Return
4.13
43.94
5Y Price Return
-5.99
-30.69

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