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
#CIC - Strong momentum with heavy volume as prices approach my first TP
#ODEL - A large long term consolidation phase. We know what happens when prices break through large consolidation phases. Higher the timeframe, the more important the move. Need confirmation
#TAFL - Solid price action with a confirmed breakout on the weekly. IMO there is a lot of upside in this stock, manage ur risks properly

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More from @therealfortunex

11 Dec
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 Image
Read 13 tweets
29 Oct
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
29 Oct
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
Read 9 tweets
27 Oct
Some good news heading into today

☘️☘️☘️

Good Luck🍀

#SriLanka #stocks
Read 6 tweets
26 Oct
Complete analysis of the SL20
#stocks #SriLanka

Good breakout and pulled back to support, so far 2 days into the week and prices have almost recovered last week's losses

Approaching strong resistance at 3670
And then again around 3880 - Trend remains very bullish Image
#BRWN - Only company out of the LOLC group that has pushed above ATHs. Excellent breakout today and with BIL on the move, this is heavily correlated to it and likely to move alongside BIL Image
#COMB - Ascending triangle, however yet to breakout and give a confirmation signal. Looks good, if a successful breakout, prices point towards retesting Jan highs and above Image
Read 22 tweets

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