SSGC Sui Southern Gas Co Ltd Mid-Term Analysis 26 Dec. 2016

December 26, 2016 2:27 amComments Off on SSGC Sui Southern Gas Co Ltd Mid-Term Analysis 26 Dec. 2016Views: 364

Sui Southern Gas Co. Ltd.

Multiutilities (Gas and water)

Price:  35.68

Change: -0.37    2016-12-23

Open: 36.05 52 Week High: 49.34 Market Capitalization Mln: 31431.10
High: 36.49 52 Week Low: 23.97 Outstanding Shares. Mln: 880.92
Low: 35.36 52 Week Avg.: 33.04 KSE AllShares % Weight-age: 0.34
Close: 35.68 52 Week Max Vol.: 30384500 KSE100 % Weight-age: 0.39
Average: 35.90 52 Week Min Vol.: 460000 KSE30 % Weight-age: 0.59
Volume: 3315000 52 Week Total Vol.: 1464462500 Data Last Updated: 2016-12-23

Rebound Insight

Our Pivot: 30.92

Our Preference:  Buy above 35 and average it out till 33.22 with strict stop loss of 30.92 and profit target at 41.94 with extension towards 44.76.

Alternate Scenario: Downward penetration of 30.92 will call for 26.14.

NOTE: SSGC have dropped by 25.09% in one month while completing its 61.8% correction on weekly chart and right now its getting support from a rising trend line on its retracement level along with a horizontal supportive region. Weekly Stochastic is trying to generate a bullish crossover which can push it back towards 41.94.

Recommendations:

Buy above 35 Rs and average it out till 33.22 with strict stop loss of 30.92 and target at 41.94.

Weekly Chart with Supports and Resistances:

ssgc26122016

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