Technical Analysis of IFIC Bank

IFIC (International Finance and Investment Corporation) Bank shows very good strength in Dhaka Stock Exchange(DSE). It's previous game has just over in last month of June'10. It was increase to 1147 from 787 within 13 days (T+13), gap= 1147-787=360 taka profit which is 45% only in 13 days in that period.

IFIC bank's second game has just start on 28th September at 1143/-, it is now 1258/- gap=115 /- within 4 working days. Yesterday it has been increased 70/- and today is has been increased 25 taka also. This time it also shows very very strong up-trend. Its up-trend may be continuing for next few weeks and it may cross 1500/- within 13 trading days.

Please see the IFIC bank TA graph:

TA chart of IFIC Bank

In above Candlestick chart, green bar indicate the bullish pattern and red bar indicate the bullish bar.  Arrow indicates the buy or sell signal. Candlestick chart is very popular chart for analysis which was developed in Japan

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Simple mistake we always do!

It is very common for you seeing people are busy with trading stuffs even no time to have a cup of tea! All are busy with just one thing in mind "I have to buy this or sell this". A prior hypothesis bias works in mind and people are always getting anxious "shit, the broker isn't listening to me. I am finished." So what's the hurry? Are you sure you are absolutely right? Can I ask you (who is reading this article) why are you such kind of share business? Is it the only thing that you believe you can make money or you are seeing and believing it is time to make money. So what you are going to do do when when the market is severely down, something like a big crash! You are scared? or thinking this article a bullshit. Well, then I am obviously saying with 100% confidence, the market will crash at some point. This is damn sure. Now come to the point why do I think something like this is going to happen. Actually it looks very simple to me. Almost all the sectors are highly overvalued (yes, I have my sector valuation numbers) and the relative strength of news flow is higher than money flow. Still market is like a syndicate of big traders. All move in the same way and no matter what other believes they make a disciplined entry without letting other know that kind of thing. So this is like a great nonsense understanding the market macro thing since it is contaminated. Well have you seen Salman F. Rahman asking you "what's the price of BEXIMCO" when both you are in a serious meeting? Or can you recall the lines of Shakil Rizvi "our country is getting ahead like the market is going up! Actually he is right but we often misinterpret the message. So what I am trying say is go as all go'' is very wrong kind of thing. Shake your head and use your judgment. Why ABBANK is not rising? Is it the right time to sell TITASGAS? and so many questions like these. Definitely you will get the answer.

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Fundamental or technical analysis, which one to choose?

In a high volatile market like DSE/CSE, it is always a difficult job to predict the movement of the market because so many factors are involved which drive this movement. For example, a new strict directive from SEC or any strict circular from Bangladesh Bank can significantly drive the market to a certain direction. There is no mechanism to identify this before it happens. But there are certain things which can predict stock specific behavior. These tools and techniques help avoid unwanted movement of stocks and also help earn good profit from the market. Two types of techniques are widely used to track and predict the behavior stocks. One is fundamental and the other one is technical type of technique. But even we see in DSE/CSE people are using some techniques like wild guess, naive investment or even some random pick. It is true that to start investment in DSE/CSE it is not necessary to learn fundamental or technical analysis as we see most of the people go for "invest in what brokers suggest" and also they are making profit on an average basis. But the question is where an educated investor can earn hefty profit only by knowing some tools and techniques, what is the reason to earn less? Even smart people doubled (may be more than that) their money assuming moderate risk within a year! So it is time to stop avoiding fundamental or technical analysis while investing in DSE/CSE. Now the million dollar question comes "Should I use fundamental or technical analysis?" The straight answer is the best way is to use both in a blended manner. If you are thinking of engaging stock market for a long time, even as your prime business, there is no reason to believe one single technique can offer good return year after year. However it is true that often fundamental themes can be predicted (not with absolute precision) by technical movement of stocks whereas it is not possible to trace technical movement from fundamental analysis. That is why technical analysis is much more popular in DSE/CSE. Nevertheless it is very necessary to understand basic terms of fundamental and technical analysis and also their application before starting such kind of business. These don't need you to be a university graduate or even don't force you to learn English first, you better watch some learning videos or ask any expert who you think is helpful. Hope you understand the message.

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How to migrate AmiBroker to a new computer

First of all it is absolutely necessary to run full setup on the new system to ensure proper configuration and appropriate access rights on the new system. Running full setup first is essential, as copying old files alone is NOT enough and will lead to problems.

The setup program can be downloaded from:
http://www.amibroker.com/download.html

Once the program has been installed – you can either activate the program (if you want to start with a fresh copy) or also restore your settings from the old computer.

If you want to start with a fresh installation, then it’s enough to run the software activation wizard. To get a copy you can use the form at:
http://www.amibroker.com/lostkey.html

If you want to transfer all data from the old computer, after running full setup on a new computer, you should copy the entire contents of AmiBroker folder from the old computer (with all the databases) into the location you have installed AmiBroker on the new machine (see the installation path above), overwriting the existing files.

If you want to copy just layouts / charts, then it is enough to copy the following:
- *.awl files from Layouts folders inside AmiBroker main folder and inside database folder (holding layouts calling certain charts recognized by their ID)
- broker.newcharts file which contains list of charts (their IDs) and their corresponding formula files
- contents of Formulas folder – to have formula referenced by certain charts

This is because layouts refer to certain charts recognised by their chart ID number. So all elements have to be present.

More information about files used by AmiBroker can be found at:
http://www.amibroker.com/guide/x_files.html

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