Elixir Securities Limited – Elixir Grid
Karachi, January 08, 2018 (PPI-OT): Sui Northern Gas Company: Gaining Momentum!!
SNGP has developed a rising momentum, with price patterns currently moving inside an ascending channel as visible on its daily time frame. A strong weekly closing above the short-term range resistance at 98 indicates of more gains ahead. RSI and stochastic are also moving north indicating that buyers are in control of the price action. On upside, a break past nearby resistance at 102 would confirm our view with 112/ 115 levels in sight.