WAVES Singer Pakistan limited short term analysis 7th Dec. 2020

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Further Advance

Our Pivot: 24.80

Our Preference: Start buying from current price and average it out till 26.45 with strict stop loss of 24.80 and profit target at 29.85 with extension towards 30.55.

Alternate Scenario: Downward penetration of 24.80 will call for 23.25 and 22.65.

NOTE: Waves have given bullish breakout of its descending wedge after completing 61.8% correction of its last bullish rally.

Daily chart with supports & resistances:

WAVES 4
Overview
Quick Snapshot
Free Float

56,281,218

O/S Shares

187,604,059

Market Cap. (m)

0.00

Var Value

17.00

Hair Cut

22.50

Last Price

19.43

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports18.8518.2717.89
Resistances19.8120.1920.77
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
0.75
5.06
QTD Price Return
0.75
5.06
3M Price Return
0.05
0.32
6M Price Return
-2.39
-13.31
9M Price Return
-10.49
-40.27
YTD Price Return
-0.14
-0.89
1Y Price Return
-5.29
-25.37
3Y Price Return
-4.67
-23.08
5Y Price Return
-23.66
-60.33

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