Our Pivot: 11.10
Our Preference: Start Buying PACE from current price and average it out till 11.65 with strict stop loss of 11.10 and profit target at 12.86 and 13.58 on short term bases while 14.36 on mid term bases.
Alternate Scenario: Downward penetration of 11.10 will call for 10.23
NOTE: PACE is moving in an upward price channel on Hourly chart and have completed its fourth primary wave of Elliot Wave now its going to start its fifth wave after completing 61.8% correction. Hourly Stochastic and MAORSI are also in bullish mode.
Start buying from current price and average it out till 11.65 with target at 13.58.
Pace (Pak) Ltd.
Real Estate Investment and Services
Change: 0.03 2016-12-20
|Open:||11.90||52 Week High:||13.68||Market Capitalization Mln:||3327.00|
|High:||12.25||52 Week Low:||5.22||Outstanding Shares. Mln:||278.88|
|Low:||11.85||52 Week Avg.:||7.83||KSE AllShares % Weight-age:||0.04|
|Close:||11.93||52 Week Max Vol.:||61235500||KSE100 % Weight-age:||0.04|
|Average:||11.98||52 Week Min Vol.:||374500||KSE30 % Weight-age:||Not Listed|
|Volume:||4578000||52 Week Total Vol.:||2275652500||Data Last Updated:||2016-12-20|
Hourly Chart with Supports and Resistances:
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