PPL Pakistan Petroleum Limited short term analysis 12th Jan. 2021

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Rebound Insight

Our Pivot: 93.20

Our Preference: Start buying PPL above 96.8 and average it out till 94.80 with strict stop loss of 93.20 and profit target at 102.00 with extension towards 104.20.

Alternate Scenario: Downward penetration of 93.20 will call for 91.60 and 90.50 with extension towards 89.40.

NOTE: PPL have completed its bullish correction inside a descending wedge.

Chart with supports & resistances:

PPL 16
Overview
Quick Snapshot
Free Float

666,184,610

O/S Shares

2,147,483,647

Market Cap. (m)

0.00

Var Value

13.00

Hair Cut

17.50

Last Price

97.39

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports96.1994.9992.96
Resistances99.42101.45102.65
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
2.91
3.93
QTD Price Return
2.91
3.93
3M Price Return
-3.72
-4.62
6M Price Return
-0.13
-0.17
9M Price Return
-9.49
-10.99
YTD Price Return
-2.37
-2.99
1Y Price Return
-8.42
-9.87
3Y Price Return
-70.62
-47.88
5Y Price Return
-37.97
-33.06

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