OGDC Oil & Gas Dev. Corp. Ltd. Short Term Analysis 6th Mar. 2020

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Downside Prevails

Our Pivot: 127

Our Preference: Short sell OGDC below 124.20 with strict stop loss of 127 and profit target at 119.34 with extension towards 116.60.

Alternate Scenario: Upward penetration of 127 will call for 128.60 and 131.

NOTE: OGDC is trying to bounce back after completing 61.8% correction of its last bearish rally, meanwhile its being capped by a resistant trend line on daily chart.

Daily chart with supports and resistances:

OGDC 10
Overview
Quick Snapshot
Free Float

645,139,260

O/S Shares

2,147,483,647

Market Cap. (m)

0.00

Var Value

12.50

Hair Cut

17.50

Last Price

117.86

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports116.91115.96115.17
Resistances118.65119.44120.39
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
3.04
3.66
QTD Price Return
3.04
3.66
3M Price Return
-3.27
-3.66
6M Price Return
0.54
0.63
9M Price Return
-10.71
-11.07
YTD Price Return
-0.41
-0.47
1Y Price Return
-12.96
-13.09
3Y Price Return
-57.76
-40.17
5Y Price Return
-60.96
-41.47

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