BOP

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BOPBank of PunjabPSX_DLY:BOPaaqureshi01It seems like you're discussing a trading strategy related to trendlines and price action. Here’s a brief explanation of the concepts: Trendline: A straight line that connects two or more price points and extends into the future to act as a line of support or resistance. Third Touch: In trendline trading, traders often look for the "third touch" of a trendline, which can indicate a strong level of support or resistance. The more touches a trendline has, the more significant it is considered. Bank of Punjab (BOP) Share Information Current Share Price: PKR 17.81 Price Change: Decreased by 2.73% (-0.51 PKR) Previous Close: PKR 18.17 Price Range Today: High: PKR 18.80 Low: PKR 18.03 Volume Traded: 33,724,452 shares Performance Over Time: 1 Week Change: -3.68% 1 Month Change: +24.98% 1 Year Change: +251.28% SummaryThe Bank of Punjab has shown notable volatility, with significant price fluctuations. In the last year, the stock price has increased considerably, making it an interesting option for investors. However, it faced a decrease recently, which could be a point of consideration for potential investors. Retest: After a price breaks through a trendline, it may return to that trendline (retest) before continuing in the direction of the breakout. A successful retest can provide a good entry point for traders.