DGKC DG Khan Cement Mid-Term Analysis 13th Feb 2019

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Turning Down

Our Pivot: 106.30

Our Preference: Short sell DGKC below 97.60 and average it out till 99.60 with strict stop loss of 106.30 and profit target at 84.20 with extension towards 80.

Alternate Scenario: Upward penetration of 106.30 will call for 111 and 113.57

NOTE: DGKC is being capped by a descending trend line at its 61.8% correction of previous bearish rally along with a strong horizontal resistant region at completion of its gap. Weekly momentum indicators are loosing strength and it can start expansion of its correction.

Weekly Chart with Supports & Resistances:

DGKC 42
Overview
Quick Snapshot
Free Float

219,059,559

O/S Shares

438,119,097

Market Cap. (m)

0.00

Var Value

15.00

Hair Cut

22.50

Last Price

154.67

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports150.23145.80143.44
Resistances157.02159.38163.81
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
-3.95
-5.27
QTD Price Return
-3.95
-5.27
3M Price Return
-8.19
-10.34
6M Price Return
-8.95
-11.19
9M Price Return
-44.45
-38.48
YTD Price Return
-11.45
-13.88
1Y Price Return
-50.95
-41.76
3Y Price Return
-2.84
-3.84
5Y Price Return
-148.95
-67.70


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