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FLYING CEMENT CO LTDFLYING CEMENT CO LTDFLYING CEMENT CO LTD

FLYING CEMENT CO LTD

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FLYNG trade ideas

FLYNG - SIGNIFICANT FALL IN PRICE EXPECTED (TODAY & ONWARDS) A two-day Volume comparison Analysis (03-09-24 & 04-09-24) Today the Total Vol stood at 35.345M as compared to Yesterday's Total Vol which was 17.409M, an absolute increase of 17.936M and a %age increase of 103.03%. In contrast to that, Yesterday's Delta Volume (closing figure), which is actually the difference of Buying MINUS Selling Volume was 14.237M as compared to Today's Delta Volume close figure of 4.900M. Today's Delta Volume made a HIGH of 11.030M and then came down to and closed at 4.900M, a reduction of 6.130M i.e. a %age decrease of approx. 55% in the Buyers, today. And when we compare todays Delta Vol figure with that of yesterday there is a significant decrease / drop in the Net Buyer-Sellers volume figure of around 9.144M (a %age decrease of 65&). From this we can deduce that the NET Buyers-Sellers Volume is dropping at an increasing pace and today the selling volumes have eventually erupted in the Scrip. It is worth noting that Indicators are still optimistic. Daily RSI value is 79.96 and the weekly RSI value is 83.74. Daily ADX value 46.86 +DI value 47.33 -DI value 11.20 quite BELOW the +DI value. Relevant Snaps attached for ready reference.
PSX:FLYNG
by DawoodKK
FLYNG | Either BoS or CHoCH🚀 Stock Alert: FLYNG 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Buying Range : 9.15-9.20 🎯 First Target : 9.55 🎯 Second Target : 10.10 ⚠ Stop Loss: 8.70 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: NO 📰 Technical View: On the 4 hour time frame, the price is making lower low after making a top of 10.13 which will act as resistance level of the price. Long position can be consider in a range of 9.15-9.20 with the stop loss if it breaks its previous low at 8.70. Initial target lies at 9.55 and second target around 10.10.
PSX:FLYNGLong
by mbaberhanif