PABC’s long-term opportunity
Pakistan Aluminium Beverage Can Limited (PABC) is printing Higher high and higher low market structure in monthly time frame.
PABC is about to create a new consolidation box in this year’s end to ride the uptrend from next year.
It is a good time to focus on this stock and accumulating zones are 119 -113 – 104.
In daily time frame 144 is current resistance area. Closing above 145 would lead towards 160 – 180.
Always secure your hard earn profits.
Sell 15% on every upside move, near short resistances are 127 – 135
Trend change would be if stock closes below 92 on Daily closing base
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Ultimate Target 200.
Don’t forget it is also dividend oriented scrip.
“Long-term target prices take a long time to achieve.”
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⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →
Comment (1)
A very good technical analysis.