PKGP Pak Gen Power Mid-Term Analysis 21 March 2016
Rebound Insight
Our Pivot: 20.47
Our Preference: Start buying from current price and add averages till 22.69 with strict stop loss of 20.47 and profit target at 27.20 and 29.36 with extension towards 30.64.
Alternate Scenario: Downward penetration of 20.47 will call for 19.
NOTE: PKGP is moving in a downward price channel and it have completed its major bearish wave Elliot Wave, now its getting support from a horizontal supports along with supportive trend line of said channel and correction levels.
Recommendations:
Start buying from current price and average out till 222.69 with target at 27.20 and 29.36.
Weekly Chart with Supports and Resistances:
PKGP 4
Overview
Quick Snapshot
Free Float
167,436,716
O/S Shares
372,081,591
Market Cap. (m)
0.00
Var Value
24.00
Hair Cut
27.50
Last Price
Price Adjusted
52 Weeks Range
52w Low
52w High
Intraday
Pivots
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
0.29
1.45
QTD Price Return
0.29
1.45
3M Price Return
-3.71
-15.46
6M Price Return
-2.86
-12.35
9M Price Return
-3.75
-15.60
YTD Price Return
-3.76
-15.63
1Y Price Return
-3.37
-14.24
3Y Price Return
6.76
49.96
5Y Price Return
0.49
2.47