Get started
AEL.N Prediction (2024 June 27)**Not a BHS recommendation. Just sharing my idea. AEL.N - The overall trend is uptrend . In the daily chart, it is creating a correction wave and as indicated in the chart a possible higher low (in the chart it should be corrected as Possible HL) has already been made at 22.9. This is confirmed by both the trendline and Fibonacci retracement tool (0.886 level). Currently, the market is at 23.9. There is a possibility of moving upwards with the support of the trendline and fib level (0.618) which becomes a support level. There is weekly resistance as indicated in the red rectangle and daily resistance at 25. If both resistances are broken in the next few days, there is a possibility of creating a new higher high at 29.1 which is confirmed using the Fibonacci Extension Tool.
CSELK:AEL.N0000Long
by chathurashan89
Citrus Hikkaduwa PLC - CITH.N0000 (CSE/Colombo Stock Exchange)Strategy Price braking out from post rights consolidation. - CITH consolidated around LKR 4.10-4.30 with relatively very high volumes - Now breaking out from the consolidation area Technical Analysis (Chart Patterns) * Currently CITH is making a Reverse Head & Shoulder pattern break out with a re-test * Printed a 20/50 MA cross * On 20th June 2024 CITH closed above 150 MA with volume Potential Pattern Targets * Pattern target LKR 5.80 Fundamentals & business outlook * Post rights NAV is about LKR 9.80 * PBV 0.46 * About LKR 650 M of rights issue funds will be utilized to reduce debt * Q4/2024 EPS LKR 0.31 * As interest rates of the country is falling, interest burden of the company is reducing drastically * Tourism arrivals are continuing to grow Speculative Points * WHAT MIGHT BE THE REASON MANAGEMENT DECIDED TO SETTLE INTERCOMPANY LOANS IN THE GROUP? * WILL CITH DISPOSE IT'S HOLDING IN CLND (Colombo Land PLC)
CSELK:CITH.N0000
by HR2302
1
AMF.N000050DMA (Green line) acting as a resistance line & 23 will be the strong support level in upcoming days. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:AMF.N0000Long
by rukshan2102
ASIR.N0000📈 Stock ASIR closed at 23.9 on 31/05/2024 🔹 Resistance Level: 25 🔹 200 EMA: 24.8 🔹 Last Friday's candle: Pin Bar The recent pin bar candle suggests a potential reversal, with the 200 EMA acting as a significant resistance level at 24.8. Keep an eye on this stock as it approaches the 25 resistance level. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:ASIR.N0000Long
by rukshan2102