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Saditha Kaluarachchi Profile picture
@therealfortunex
Oct 29, 2021 • 9 tweets • 5 min read • Read on X
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Analysis for TAP, SUN, MGT, GREG, CIC, SIRA, EDEN, GLAS

I will post the rest soon.

Note, this is not IA, Do your own DD and make the trade ur own

#SriLanka #stocks
#TAP - Looks good near support, volume has also declined on the pullback. Need to see a volume pick up now. Risk is mentioned
#SUN - I like the pattern on SUN but also heavy R awaits. If broken, reaching 30 is a possibility. My risk is that long bullish trendline
#MGT - Looks good, heavy volume on the breakout and volume was low in the pullback which is what u want to see. Heavy R awaits from the monthly chart at the mentioned blue area
#GREG - No breakout yet but technically looks good. A successful breakout and can expect prices to retest August highs. Volume so far has receded inside the pattern which is natural
#CIC - Tight consolidation range of 12 pcts. Techbically, pretty solid but heavy resistance lies ahead. Also this stock is affected by external news so keep that in mind - Stop is mentioned
#SIRA - Failed breakout despite volume and price action confirming the move on the first day. Usually I wait for atleast 2 days to confirm it and this failed on the 2nd day. Further confirmation is needed
#GLAS - Technically, looks good, has an impulse move towards 19 and volume is relatively alot lower than compared with the breakout. I have mentioned where my stops would be and possible entries
#EDEN - A big runner, the monthly gives a much better view and as u can see prices are approaching heavy resistance in the 35.60 - 37.00 range

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More from @therealfortunex

Saditha Kaluarachchi Profile picture
Apr 11
Spent 2 days reading the FY23 report of LMF.N0000

Below are most of the notes I took on it.

Feel free to add any additional info.
1• First off, the chart. A TML, the stock has advanced close to 65% since the breakout above it's flat base back in Nov 2023.

Over the past 5 weeks, we are seeing constructive and tight price action.

Liquidity wise, the stock's average 50 day volume is around 1.5mil/shares. Image
2• A quick look into their sales and EPS growth figures:

While most companies saw their financials take a major hit in FY22, LMF saw their revenues grow by 29% and EPS by 27%.

Revenue expanded by another 45% in FY23 and EPS by 12%. Image
Read 27 tweets
Saditha Kaluarachchi Profile picture
Jul 14, 2022
Key points from the first 100 pages of ⚜The Handbook of Technical Analysis⚜ by Mark Andrew Lim
(This is part 1, there are a 1000 pages, so will cover the entire book in 10 sections)

#technicalanalysis
{1} It is not only the mechanical action of buying low and selling high that counts, but also the timing of the action itself that is critical.
{2} Dual function of TA

1 - For identification
2 - For forecasting
Read 31 tweets
Saditha Kaluarachchi Profile picture
Feb 26, 2022
My 17 page report on the All Share Price Index

While no method can catch the exact bottom, several key indicators and price action suggest that we have reached or very close to reaching a possible bottom

No guarantees, but I continue to remain positive for this year
#stocks
Read 19 tweets
Saditha Kaluarachchi Profile picture
Dec 11, 2021
How long will CSE's bull market continue for?

I have used the 200DSMA as the filter which is what most use. We look at how well it has filtered out price action for the past 20 years

#stocks #SriLanka #lka
As you will see the indicator alone is not enough to confirm a trend. There have been times where price action has whipsawed giving false signals. All indicators give false signals at times so nothing is 100% accurate
Chart 1 - The longest bull market CSE has had which lasted for roughly 5 years. There were a few whipsaws where prices crossed below the MA but the slope is always what needs to be watched and it remained + during all those times

1 false signal came late during the bull market
Read 13 tweets
Saditha Kaluarachchi Profile picture
Dec 10, 2021
Analysis below are for RIL, ODEL, ASIY, TAFL, CIC

Not IA, Do ur own DD and make the trade ur own

Do u guys have any of these?
#stocks #StockMarket #investing
#RIL - Need to see a breakout for confirmation. Volume needs to follow through on the move with prices closing above resistance
#ASIY - Same sort of price action, no confirmation so getting in now is just speculating a breakout which might be costly. Volume + close is required for confirmation
Read 6 tweets
Saditha Kaluarachchi Profile picture
Oct 29, 2021
Analysis for TILE, SFL, ASIY, DPL, NEST, PABC, RWSL, SPEN, KZOO

Please note that this is not IA, Do your own DD and make the trade your own

#StockMarket #Investment #SriLanka #COVID19LK
#SFL - Right on support, volume has also come down which is good. Pretty much no sellers, but that in itself is not a proper buy signal. Ideally would like to see buying pressure come early next week
#TILE - Looking good, strong run up after breaking prior ATHs. Strong vol came in today, so I would have a tight stop and trade it in anticipation of prices making newer highs
Read 10 tweets

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