{"id":5412,"date":"2024-05-27T20:39:15","date_gmt":"2024-05-27T15:39:15","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=5412"},"modified":"2024-05-27T21:04:23","modified_gmt":"2024-05-27T16:04:23","slug":"admm-down-15-since-december-is-it-time-for-a-breakout","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/admm-down-15-since-december-is-it-time-for-a-breakout\/","title":{"rendered":"ADMM down 15% since December. Is it time for a breakout?"},"content":{"rendered":"\n<p>In this blog post, we will delve into the technical analysis of <a href=\"https:\/\/ksestocks.com\/blog\/tag\/admm\/\" target=\"_blank\" rel=\"noopener\" title=\"ADMM\">Artistic Denim Mills Limited (ADMM)<\/a>, a prominent company listed on the PSX.<\/p>\n\n\n\n<p>The chart shows a falling wedge pattern closing in on the given support line.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"819\" src=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ADMM-24-May-2024-2-1024x819.jpg\" alt=\"ADMM 24 May 2024\" class=\"wp-image-5416\" style=\"width:1141px;height:auto\" srcset=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ADMM-24-May-2024-2-1024x819.jpg 1024w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ADMM-24-May-2024-2-768x614.jpg 768w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ADMM-24-May-2024-2-640x512.jpg 640w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ADMM-24-May-2024-2-400x320.jpg 400w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ADMM-24-May-2024-2-367x294.jpg 367w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p>Here is my detailed audio analysis.<\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ADMM-24-May-2024-1.opus\"><\/audio><\/figure>\n\n\n\n<p>When analyzing for long term, our analysis is valid for a longer period of time.<\/p>\n\n\n\n<p>The current trend is <strong>sideways<\/strong>, making a <strong>falling wedge<\/strong>. The price is closing in on the support line.<\/p>\n\n\n\n<p>If the falling wedge breakout happens, it may turn into a bull trend. (<strong>75% chances of upbreak, 25% of downbreak<\/strong>).<\/p>\n\n\n\n<p>After breakout, the price may again stay sideways for a month or so.<\/p>\n\n\n\n<p>Recent volumes are <strong>increasing<\/strong>.<\/p>\n\n\n\n<p>The company may <strong>benefit <\/strong>from falling interest rates.<\/p>\n\n\n\n<p>Free float is only <strong>5%<\/strong> so volumes are always low. Therefore risk should be taken with a small amount.<\/p>\n\n\n\n<p><em><strong>Mr. Israr Ul Haq<\/strong> is a highly experienced and respected technical trader with over 25 years of expertise in the Pakistan Stock Exchange (PSX). He has developed a deep proficiency in reading and interpreting chart patterns, technical indicators, and market trends, which has been instrumental in his sustained success over the decades. He also operates in the Turkish Stock Exchange(Borsa Istanbul).<\/em><\/p>\n\n\n\n<p><em>He can be reached through his <a href=\"https:\/\/chat.whatsapp.com\/IzPIROpdd2GAsOJI80li9E\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>WhatsApp Debate Group<\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>we will delve into the technical analysis of Artistic Denim Mills Limited (ADMM), a prominent company listed on the PSX.<\/p>\n","protected":false},"author":14,"featured_media":5421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127],"tags":[209,286],"class_list":["post-5412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-admm","tag-audio"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ADMM-technical-analysis-24-may-2024-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ADMM-technical-analysis-24-may-2024-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ADMM-technical-analysis-24-may-2024-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/ADMM-technical-analysis-24-may-2024.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/5412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=5412"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/5412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/5421"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=5412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=5412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=5412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}