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SAlam. I wanna know abt confidence cement

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Originally Posted by Ashfaqur Rahman:
SAlam. I wanna know abt confidence cement

Well, I am gonna post the analysis soon.

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CONFIDENCE CEMENT:

FUNDAMENTAL DATA:

FV 10 ML 20
EPS:9.32    EPS(2009): 6.86
EPS GROWTH: 35.76
NPAT:233.6mn NPAT (2009):143.4mn
NPAT GROWTH:62.9
NAV: 92.26
ROE: 10.10
RPS:95.7
LATEST P/E:29.45
LAST TRADE PRICE(06.01.2011) : 274.50
Price/NAV:  2.97

Comment:

Fundamental Strength: Medium


Technical Analysis:




Price and moving averages:
CONFIDCEM has closed below its Short time moving average.
Short time moving average is currently below mid-time, AND below long time moving averages.
The relationship between price and moving averages is: bearish in short-term, and bearish in mid-long term.

Bollinger Bands:
CONFIDCEM has closed above bottom band by 5.7%.
Bollinger Bands are 98.5% narrower than normal.
The narrow width of the bands suggests low volatility as compared to CONFIDCEM's normal range.  Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 17 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.

RSI
The current value for the RSI15 is   46.098
The RSI is not currently in a topping (above 70) or bottoming (below 30) range.
Failure Swings (also known as support or resistance penetrations or breakouts):The RSI has just reached its lowest value in the last 14 period(s).  This is bearish.

Divergence:
The RSI has set a new 14-day low while the security price has not.  This is a bearish divergence.

MACD

MACD Value: -151.919, Signal Line: -194.224

Crossovers:
Currently the MACD is bullish since it is trading above its signal line.
The MACD crossed above its signal line 19 period(s) ago.

Overbought/Oversold:
The MACD is not in an Overbought/Oversold range.

Divergence:
A bullish divergence occurred 0 period(s) ago. Wait for upward price movement for confirmation before considering any long positions.

Note: This commentary does not recommend any buy or sell decision. Use at your own risk.

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Fundamentally it is a very strong share. It is already in bullish trend, by this time it is supposed to cross 300 . Hope it will go beyond 300 in the next week.

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Originally Posted by Nurul Islam:
Fundamentally it is a very strong share. It is already in bullish trend, by this time it is supposed to cross 300 . Hope it will go beyond 300 in the next week.

Fundamentally this is not very strong share, There are more shares more strong than it, It may be considered as medium strong share.
Technical data shows its bearishness will continue from short to mid ling term.