Sui Southern Gas Co. Ltd.
Multiutilities (Gas and water)
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|
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.
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:
High Risk Investment
Trading foreign exchange, Commodities and Equities (Stocks) on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, Commodities and Equities (Stocks) you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment. You should be aware of all the risks associated with foreign exchange, Commodities and Equities (Stocks) trading and seek advice from an independent financial advisor if you have any doubts
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Accuracy of Information
The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. We have taken reasonable measures to ensure the accuracy of the information on the website; however, it does not guarantee accuracy and will not accept liability for any loss or damage which may arise directly or indirectly from the content or from your inability to access the website, or for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.