MARA.N WeeklyThis chart and analysis are not financial advice. Do your own research before trading or investing.
$CSELK: MARA.N0000
Pattern Analysis - Cup and Handle Formation:
The chart displays a well-formed cup and handle pattern with a neckline at 4.70. This bullish pattern often signals a strong move upward after the breakout.
Height of the Cup:
Approximately 3.7 LKR, suggesting a potential upside target near 8.40 (4.70 + 3.7) if the breakout sustains.
Current Position:
The price appears to
REEF.N DailyThis chart and analysis are not financial advice. Do your own research before trading or investing.
CSELK:REEF.N0000
Trend Analysis
Current phase: The stock appears to be consolidating near a support zone between 4.00โ4.30, hinting at potential accumulation.
Moving Averages
30 MA (Yellow): The 30 MA acts as dynamic resistance, with the price frequently closing below it, suggesting short-term bearish momentum.
50 MA (Purple): The 50 MA is closer to the price, providing another resista
LMF Weekly- UpdateThis chart and analysis are not financial advice. Do your own research before trading or investing.
CSELK:LMF.N0000
H&S Pattern Breakdown
The H&S pattern consisted of a left shoulder, head, and right shoulder. The neckline appears around the support zone of 30-31 LKR. The recent bullish move with a significant breakout suggests that the H&S pattern failed to complete a bearish outcome, as prices moved upward instead of reversing lower.
Volume Spike
The breakout is accompanied by a notabl
CALT.N0000 - Weekly Chart UpdateThe Fibonacci retracement levels are plotted based on the all-time high and low values, providing insight into potential support and resistance zones.
The key Fibonacci levels observed on this chart are :
0.236 Level: Around 73.2, which could act as a significant resistance if the stock starts moving up from the current levels.
0.382 Level: Around 60.8, another potential resistance.
0.5 Level: Around 50.7, often considered a pivotal level in retracement analysis.
0.618 Level (Golden Pocket): A
PARQ.N DailyThis chart and analysis are not financial advice. Do your own research before trading or investing.
CSELK:PARQ.N0000
What's happening in PARQ?
Fundamental Analysis:
PARQ (SwissTec Ceylon PLC) reported exceptional year-over-year (YoY) growth in Q2 of 2024, attributed to strong performance in specific segments:
Tile Mortar and Grout Segment: Consistently delivered growth in turnover and profits, showing resilience and stability.
Aluminum Segment: This segment had a substantial positive i
LANKEM DEVELOPMENTS PLC : LDEV.N0000 : CSEOverview
LDEV is the parent company of AGARAPATANA PLANTATIONS PLC (AGPL.N0000) and 98% of group revenue of LDEV is from AGPL.
Strategy
1. Getting exposure to a probable interim dividend expected to be LKR 2.00.
LDEV subsidiary AGPL declared an interim dividend of LKR 1.00 payable on 28th Oct. 2024 which will generate LKR 239M as net dividend (after tax) proceeds for LDEV. As LDEV doesn't have bank borrowings we can assume this dividend receipt will be re-distributed as a dividend to LDEV
LMF.N Weekly chartThis chart and analysis are not financial advice. Do your own research before trading or investing.
$CSELK: LMF.N0000
Moving Averages:
30-week Moving Average (MA 30): The yellow line represents the 30-week moving average, a key trend indicator.
The price is close to this moving average, which slows upward but seems flattening. This indicates a potential shift in trend as the price consolidates after a strong upward move.
Stage Analysis: Stage 2 (Advancing Phase):
The stock experienced a
EDEN.N DailyThis chart and analysis are not financial advice. Do your own research before trading or investing.
Price Trend:
The stock is consolidating within a triangle pattern, which suggests a potential breakout soon. This means that the price is squeezing between two converging lines, and when it breaks out of the pattern, a larger move (either up or down) can be expected
Support and Resistance Levels:
The price fluctuates within the support/resistance zone of LKR 14.20 to 14.60 (highlighted i
SwissTek (Ceylon) PLC (CSE: PARQ)This chart and analysis are not financial advice. Do your own research before trading or investing.
Bullish Observations:
Price Surge with Momentum: The stock price has risen to 23.20 LKR (+3.57%), showing strong bullish momentum. It has cleared the important 21.40-22.70 resistance zone, turning it into new support, which signals potential for further upward movement.
Upward Breakout: The price has broken above a descending trendline, signaling that the downward pressure has been overcome. Bre
EDEN.N Daily ChartThis chart and analysis are not financial advice. Do your own research before trading or investing.
Bullish Observations:
Strong Price Surge: Recently, the price has surged to 14.5 LKR, up by +7.41%, indicating strong buying momentum. This price action broke above the 13.30-13.70 resistance (marked as S: 13.30-13.70), a bullish signal.
Golden Cross: We see the short-term moving averages (yellow and purple lines, likely 50-day and 100-day MAs) crossing above the longer-term blue moving average
BIL.N Daily ChartThis chart and analysis are not financial advice. Do your own research before trading or investing.
Bullish Signals:
Inverse Head and Shoulders Pattern: The formation of the head at the bottom around LKR 4.0 and the right shoulder around LKR 4.4 confirms a potential bullish reversal. We could see a strong upward move once prices break above the neckline (currently around LKR 5.8 - 6.0).
Volume Confirmation: The breakout towards LKR 6.0 is accompanied by a noticeable increase in volume. This p
EDEN.NThis chart and analysis are not financial advice. Do your own research before trading or investing.
EDEN.N is defying gravity! Despite a 20% plunge in the broader ASI, EDEN.N is finding solace in a bullish falling wedge pattern. This price compression, often a precursor to a breakout, has seen EDEN.N test and hold its critical support zone of 12.40-12.80. Adding fuel to the bullish fire is a bullish divergence, hinting that the downtrend might be losing momentum. Buckle up, because EDEN.N coul
BIL.NThis chart and analysis are not financial advice. Do your own research before trading or investing.
BIL.N is setting the stage for a potential breakout! A massive inverse head and shoulders pattern is forming, hinting at a bullish reversal. This bullish case is further strengthened by the price action trapped within a falling wedge, another bullish continuation pattern. While a bearish divergence looms on the weekly chart, it could be a spent force โ fully priced in by the market. With the wei
L V L ENERGY FUND PLC - LVEF.N0000 (CSE/Colombo Stock Exchange)Strategy
Recovery from Earnings Recession.
- Strong recovery in earnings during Q4
- Q4 EPS LKR 0.54
- Forward 12M PE 2.17
- NAV LKR 9.60 (After adjusting close to LKR 1/share as currency loss (LKR appreciation/USD)
- 52 W high/low LKR 6.90/LKR 4.00
- 1/5 Rights Issue concluded last week (Issue Price LKR 4)
Technical Analysis (Chart Patterns)
* Currently LVEF is trading in Descending Wedge pattern, which is yet to break out.
* During 2020 upward cycle descending wedge break out happe























