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PIAA Pakistan International Airlines Mid-Term 26 Dec. 2016

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Rebound Insight

Our Pivot: 7.70

Our Preference: Buy PIAA above 8.84 and average it out till 8.35 with strict stop loss of 7.70 and profit target at 1048 with extension towards 11.40.

Alternate Scenario: Downward penetration of 7.70 will call for 6.99 and 6.34.

NOTE: PIAA is moving in upward price channel on weekly chart and right now its getting support from a horizontal supportive region on 84.12% correction level,  and daily Stochastic and MAORSI have generated crossover which can pull back prices towards 10.48. PIAA have dropped around 29.64% in a month time and right now its ready for a pull back.

Recommendations:

Buy PIAA above 8.84 and average it out till 8.35 with strict stop loss of 7.70 and profit target at 1048 with extension towards 11.40.

Weekly Chart with Supports and Resistances:

PIAA 4
Overview
Quick Snapshot
Free Float

188,796,664

O/S Shares

2,147,483,647

Market Cap. (m)

0.00

Var Value

22.00

Hair Cut

27.50

Last Price

8.50

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports8.388.278.18
Resistances8.588.678.78
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
-0.05
-1.23
QTD Price Return
-0.05
-1.23
3M Price Return
-0.25
-5.88
6M Price Return
-0.34
-7.83
9M Price Return
-1.95
-32.77
YTD Price Return
-0.05
-1.23
1Y Price Return
-0.46
-10.31
3Y Price Return
-1.20
-23.08
5Y Price Return
-3.00
-42.86

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