PPL Pakistan Petroleum Ltd. short term analysis 18th Jun. 2020

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Under Pressure

Our Pivot: 93.35

Our Preference: Short sell PPL below 90.30 and average it out till 91.50 with strict stop loss of 93.35 and profit target at 87.70 with extension towards 85.50.

Alternate Scenario: Upward penetration of 93.35 will call for 97.60.

NOTE: PPL have given breakout of its rising wedge in downward direction.

Hourly 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

89.69

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports89.1388.5687.63
Resistances90.6391.5692.13
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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