MLCF Maple Leaf Cement Factory Limited Analysis 18 Oct. 2016

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Maple Leaf Cement Factory Limited

    Construction and Materials (Cement)

Price:  94.18

   Change: -2.92    2016-10-17
Open: 97.10 52 Week High: 114.88 Market Capitalization Mln: 49701.98
High: 97.35 52 Week Low: 64.10 Outstanding Shares. Mln: 527.73
Low: 93.00 52 Week Avg.: 90.42 KSE AllShares % Weight-age: 0.59
Close: 94.18 52 Week Max Vol.: 11793000 KSE100 % Weight-age: 1.04
Average: 95.41 52 Week Min Vol.: 113000 KSE30 % Weight-age: 1.58
Volume: 902000 52 Week Total Vol.: 478898500 Data Last Updated: 2016-10-17

Rebound Insight

Our Pivot:  85.28

Our Preference: Start buying MLCF from current price and average it out till 91.41 with strict stop loss of 85.28 and target at 100.20 with extension towards 108.94.

Alternate Scenario: Downward penetration of 85.28 will call for 79.25.

NOTE: MLCF is moving in an upward price channel and right now its getting support from supportive trend line of said channel along with a strong horizontal supportive region. Weekly 50% correction is also completed. Weekly and daily stochastic have generated crossover which is clear indication of a reversal pattern.

Recommendations:

Start buying from current price and average it out till 91.41 with targets at 100.20 and 108.94

Weekly Chart with Supports and Resistances:

 

MLCF 25
Overview
Quick Snapshot
Free Float

494,255,804

O/S Shares

593,700,666

Market Cap. (m)

0.00

Var Value

15.00

Hair Cut

22.50

Last Price

64.33

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports62.7161.0960.28
Resistances65.1465.9567.57
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
1.96
5.44
QTD Price Return
1.96
5.44
3M Price Return
3.71
10.83
6M Price Return
4.66
13.99
9M Price Return
-8.78
-18.78
YTD Price Return
1.95
5.42
1Y Price Return
-7.40
-16.31
3Y Price Return
12.87
51.30
5Y Price Return
-54.46
-58.93

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