PAKRI confluence of support & resistance
🚀 Stock Alert: PAKRI
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Level: 12.50
🎯 First Target : 16.58
🎯 Second Target : 19.60
⚠ Stop Loss: 11
⏳ Nature of Trade: Swing Trade
📉 Risk Level: Medium
☪ Shariah Compliant: NO
💰 Dividend Paying: YES
📰 Technical View: Currently, the price is testing the support level at approximately 12.50, which formerly served as resistance. A pullback from this level is anticipated, with the initial resistance noted at the previous high of 16.58. Should this resistance be breached, the price could potentially reach around 19.60. To manage risk, consider implementing a stop loss below 11.
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Level: 12.50
🎯 First Target : 16.58
🎯 Second Target : 19.60
⚠ Stop Loss: 11
⏳ Nature of Trade: Swing Trade
📉 Risk Level: Medium
☪ Shariah Compliant: NO
💰 Dividend Paying: YES
📰 Technical View: Currently, the price is testing the support level at approximately 12.50, which formerly served as resistance. A pullback from this level is anticipated, with the initial resistance noted at the previous high of 16.58. Should this resistance be breached, the price could potentially reach around 19.60. To manage risk, consider implementing a stop loss below 11.
Comment:
PAKRI has opened ex today and poses a good entry level. Moreover, it is under the privatization scheme and most likely will be the next contender after PIA paving way for a possible better dividend in the next result announcement.