Technical analysis of Sepid in July 1402/ Was Sepid placed on the launch pad? – Tejarat News
According to Tejarat News, the shares of Sepid Makian company can be traded with the symbol “Spide” in the first market of the stock exchange. “White” with a market value of eight thousand and 160 billion tomans is currently in the price range of two thousand and 712 tomans. The main activity of Sepid Makian Company is dedicated to the poultry sector and the supply chain of production and distribution of broiler chicken.
The major shareholders of Sepid Makian are two natural persons who are considered the major shareholders of “Sapid” by having 24.53%. Lotus Parsian Investment Fund and Mehrgan Tamin Pars Financial Group Company are also among the major shareholders of this company by acquiring 2.27% and 1.19% of the total shares of Sepid Makian respectively.
White technical analysis
Sepid Makian Company was listed on the Tehran Stock Exchange for the first time in the summer of two years ago. A 270% gain in just two months made the stock one of the most popular IPOs. After this growth, however, the range of two thousand and 17 to two thousand and 70 tomans had become a price barrier for a long time as a static resistance.
A look at the white stock chart in the weekly time frame shows that the price reacts well to its POI (Point Of Interest) which is obtained from the collision of the support range of 2,300 to 2,360 and the middle line drawn on the major turning point of the stock. has shown The significance of the POI obtained here is that this range can be interpreted as the point to finish the correction.
It is worth mentioning that the price line of two thousand and 455 tomans, which became a price barrier in May of last year, after the share managed to cross it in the recent upward trend, has now become a support by changing the polarity. The recent corrective trend by penetrating below this price line was able to activate stop loss orders of many traders. Therefore, the penetration of the price below this support does not damage its validity and remains valid.
Ambitious goals of the “white” symbol
After the technical analysis of white from the distant past, the main question of the market activists still remains unanswered: What is the current state of the “white” symbol? What is the low risk entry price?
To find the answer, one should examine the white price chart in the daily time frame. Counting the waves of the “white” upward trend, which began in November last year, shows that the fifth wave of the upward trend has probably begun. In the chart below, a parallel sliding is drawn for the new middle line, which can be seen from the price reactions that the price knows the frequency of this line well.
On the other hand, the downward trend line drawn for the recent corrective trend has been broken by the closing of the price candle on Monday and Tuesday of this week. In such a situation, risk-taking traders buy shares after breaking this line, but risk-averse people can wait for the price pullback in the form of dynamics (to the downward trend line) or static (to the ceiling of the compression range).
The correction process of “White” has been carried out in the form of three waves. The flag pattern is also clearly visible. According to classic technical principles, when a flag pattern is formed after a breakout, there is as much bullish potential available to the price as the flagpole. Accordingly, ambitious goals can be considered for the price of the white symbol.
If the price of a new floor does not register lower than the price of two thousand and 265 tomans, the range of the previous ceiling (three thousand and 280 tomans) and the level of 1.618 Fibonacci regression at the price of four thousand and 520 tomans can be considered as possible targets for the white symbol. took Repeating the size of the flagpole also introduces the price of 6,647 Tomans as the long-term target of the share.
Disclaimer: All contents included in this report are only for review purposes and it is not recommended to buy or sell shares. Also, the full responsibility of buying and selling people is on them.
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