PSX - Bullish Signal
Fundamentals
- Petroleum & Coal industries have reported growth in July 2020.
- Long term debt to equity ratio is in the lower spectrum.
- Diversified business makes it more sustainable in this difficult time.
- EPS expectation is very high for next year
Technicals
- MACD line is rising above the signal line.
- Retraced down to Fibonacci level 61.7% and now rising.
- MACD histogram is rising.
- Hit the lower bollinger band and rising
- Falling wedge is formed and price rose above the upper line.
PSX
- Petroleum & Coal industries have reported growth in July 2020.
- Long term debt to equity ratio is in the lower spectrum.
- Diversified business makes it more sustainable in this difficult time.
- EPS expectation is very high for next year
Technicals
- MACD line is rising above the signal line.
- Retraced down to Fibonacci level 61.7% and now rising.
- MACD histogram is rising.
- Hit the lower bollinger band and rising
- Falling wedge is formed and price rose above the upper line.
PSX
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