Thread by @therealfortunex

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

#ASIY - My opinions is that the bearish trendline is what is important to break. Stop is pretty evident at 3 (Not exactly at 3 but below it)

#DPL - Forming a large base (Cup and handle) - No Confirmation since the right part of the handle is yet to form. An early entry can be on a break above that 15.20 level - Volume needs to be seen on that break

#PABC - Good breakout and pullback. Volume also has come in this week which is good, means that buyers are active. Next real R level is 21 - 21.25

#NEST - A good example of accumulation and distribution. So far looks alot like distribution but the stock is very illiquid. The chart is also on the monthly

#RWSL - A pretty solid technical chart. Clear resistance from the long bearish trendline and near 8.50 - I would keep an eye on that trendline break for a strong upside move. Volume needs to come as well. Risk is mentioned

#KZOO - Trading in a tight range. Stop is pretty evident and also heavy R around 8.50. A successful breakout there and prices could test the 9.30 - 9.50 level

#SPEN - Posted this a week for back, didn't break 87.50, so a better entry is to probably wait for a retest of 80 and a tight stop below 80. Target is mentioned from the large base it formed over several months