PSO Pakistan State Oil short term analysis 18th Aug. 2020

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Further Advance

Our Pivot: 185

Our Preference: Start buying PSO above 192.50 and average it out till 190 with strict stop loss of 185.00 and profit target at 200 and 206 with extension towards 219.

Alternate Scenario: Downward penetration of 185 will call for 178 and 165.

NOTE: PSO is moving in a bullish price channel to complete expansion of its previous daily correction.

Hourly chart with supports & resistances:

 

PSO 22
Overview
Quick Snapshot
Free Float

211,262,985

O/S Shares

469,473,300

Market Cap. (m)

0.00

Var Value

13.00

Hair Cut

17.50

Last Price

195.30

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports188.21181.11176.72
Resistances199.70204.09211.19
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
2.91
1.75
QTD Price Return
2.91
1.75
3M Price Return
-17.09
-9.16
6M Price Return
-18.09
-9.65
9M Price Return
-59.49
-25.99
YTD Price Return
-12.50
-6.87
1Y Price Return
-48.60
-22.29
3Y Price Return
-1.51
-0.88
5Y Price Return
-62.07
-26.81

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