PPL Pakistan Petroleum Limited short term analysis 30th Dec. 2020

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Under Pressure

Our Pivot: 92.00

Our Preference: Start short selling PPL below 89.93 and average it out till 90.40 with strict stop loss of 92.00 and profit target at 87.95 with extension towards 86.20.

Alternate Scenario: Upward penetration of 92.00 will call for 93.80 and 95.10.

NOTE: PPL have given bearish breakout of it's ascending wedge on hourly chart.

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

89.47

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports88.4487.4285.81
Resistances91.0792.6893.70
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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