BYCO Byco Petroleum Limited Short-Term Analysis 28 Sep 2016
Rebound Insight
Our Pivot: 20.75
Our Preference: Buy BYCO above 23.06 and average it out till 21.76 with strict stop loss of 20.75 and profit target at 26.68 with extension towards 28.82.
Alternate Scenario: Downward penetration of 20.75 will call for 18.75.
NOTE: BYCO is getting support from supportive trend line of its bullish trend channel along with its weekly corrections. Daily Stochastic and MAORSI have generated cross overs therefore its ready for a bullish spike on short term bases.
Recommendations:
Buy BYCO above 23.06 and average it out till 20.75 with target at 26.68
Weekly Chart with Supports and Resistances:
BYCO 7
Overview
Quick Snapshot
Free Float
532,988,471
O/S Shares
2,147,483,647
Market Cap. (m)
0.00
Var Value
16.00
Hair Cut
22.50
Last Price
Price Adjusted
52 Weeks Range
52w Low
52w High
Intraday
Pivots
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Adjusted