PIAA Pakistan International Airlines Analysis 02 Sep 2013

September 2, 2013 10:03 amComments Off on PIAA Pakistan International Airlines Analysis 02 Sep 2013Views: 569

Rebound Insight

Our Pivot:4.18

Our Preference:BUY PIAA between 5.09 to 5.51 with a strict stop loss 4.18 and profit target at 8.17

Alternative Scenario: Downward Penetration of 4.18 will call for 3.30

NOTE: PIAA is going to get strong support from its 100 and 280 weeks moving averages at 5.09 and 4.85 so its recommended to start buying in PIAA above these levels. Weekly Stochastic are also supporting  rebound in PIAA.

Recommendations:

For New Entries (Buy between 5.09-5.51)

Weekly Chart with Supports and Resistance:

PIAAW02092013

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