PACE Pace Limited Daily Analysis 21 Dec 2016

December 21, 2016 11:36 amComments Off on PACE Pace Limited Daily Analysis 21 Dec 2016Views: 229

Rebound Insight

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.

Recommendations:

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

Price:  11.93

   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:

pace

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