Brown Investments - BILThis chart and analysis are not financial advice. Do your own research before trading or investing.
L V L ENERGY FUND PLC - LVEF.N0000 (CSE/Colombo Stock Exchange)Strategy
Recovery from Earnings Recession.
- Strong recovery in earnings during Q4
- Q4 EPS LKR 0.54
- Forward 12M PE 2.17
- NAV LKR 9.60 (After adjusting close to LKR 1/share as currency loss (LKR appreciation/USD)
- 52 W high/low LKR 6.90/LKR 4.00
- 1/5 Rights Issue concluded last week (Issue Price LKR 4)
Technical Analysis (Chart Patterns)
* Currently LVEF is trading in Descending Wedge pattern, which is yet to break out.
* During 2020 upward cycle descending wedge break out happened after MA 9/20 cross on weekly basis. Currently WMA 9 is curving towards WMA 20, indicating potential upward break out.
Potential Pattern Targets
* Multi week descending wedge target LKR 7.30
* On previous cycle (started on June 2020) descending wedge break and WMA 9/20 cross produced a 90% upward move that lasted 525 days.
* During 2020 cycle Q4 EPS was LKR 0.17 cts & NAV LKR 7.58 vs current Q4 EPS of LKR 0.54 cts & NAV of LKR 9.60
Fundamentals & business outlook
* As company is an energy producer operating in Sri Lanka & Bangladesh, we can safely assume earnings will continue similar to Q4
* If LKR started to depreciate towards Q4 2024/25 FY (After permitting vehicle imports), LVEF will benefit from currency gains
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.
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)
HBS.N0000Next Resistance Level - 12.5
Support Level - 11
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.
TPL.N0000Next Resistance Level - 125
Next Support Level - 107
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.
TAP.N PredictionBreaking the symmetrical triangle and moving towards next weekly resistence
**Not a BHS recommendation. Just sharing my idea.
CENTRAL FINSNCE PLC CAN GET AT LEAST 75% PUMP.CFIN.N0000 can get at least 75% price up because 216-235 and 250-27 0 areas have some Month OBs (order Blocks). we can expect can price move 215,250 price areas.
Disclaimer : This is not a financial advice and DYOR.
ASIA CAPITAL PLC CAN GET AT LEAST 200% PUMP.ACAP.N0000 can get at least 200% pump because 16.9-17.7 and 15.9-22.4 areas have some OBs (order Blocks).
Disclaimer : This is not a financial advice and DYOR.
ALLIANCE FINANCE COMPANY PLC CAN GET AT LEAST 500% PUMP.ALLI.N0000 can get at least 500% pump because 1012 - 1063 area have some OB (order Block).
Disclaimer : This is not a financial advice and DYOR.
LIOC.N0000Staying above 50 DMA is a good sign for LIOC.
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.
