PIAA Pakistan International Airlines Analysis 01 Oct 2013
Rebound Insight
Our Pivots: 5.81
Our Preference:Buy PIAA above 6.90 till 6.30 with a strict stop loss of 5.81 and profit target at 7.84 and 8.96 with extension towards 10.45.
Alternate Scenario: Downward Penetration of 5.81 will call for 5.30 and 5.00
NOTE: PIAA is going to get strong supports from its 280 Days moving average along with a bullish trend line which is support bullish behaviour of PIAA since Oct. 2012, s0 its recommended to initiate buying in PIAA.
Recommendations:
For New Entries (Buy Above 6.90 till 6.45 )
For Existing Holders (Hold till 7.84 and 8.96)
Daily Chart with Supports and Resistance:
3 COMMENTS
John Doe
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