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PSO Pak State Oil short term analysis 5th May 2020

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Turning Down

Our Pivot: 170

Our Preference: Start short selling PSO below 159.30 and average it out till 164 with strict stop loss of 170 and profit target at 147 with extension towards 141.

Alternate Scenario: Upward penetration of 170 will call for 174 & 177.

NOTE: PSO have completed 50% correction of its last bearish rally and right its being capped by a strong resistant region. 

Weekly Chart with Supports and Resistances:

PSO 22
Overview
Quick Snapshot
Free Float

211,262,985

O/S Shares

469,473,300

Market Cap. (m)

0.00

Var Value

13.00

Hair Cut

17.50

Last Price

157.02

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports151.69146.36141.72
Resistances161.66166.30171.63
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
2.91
1.75
QTD Price Return
2.91
1.75
3M Price Return
-17.09
-9.16
6M Price Return
-18.09
-9.65
9M Price Return
-59.49
-25.99
YTD Price Return
-12.50
-6.87
1Y Price Return
-48.60
-22.29
3Y Price Return
-1.51
-0.88
5Y Price Return
-62.07
-26.81

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