TGR.AX pushes through key resistance level


Tassal Group Limited (TGR.AX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
TGR.AX pushes through key resistance level
TGR.AX pushes through previous session high
TGR.AX rises to highest close since November 14, 2017
TQ Sentiment
Report Sentiment: 66% Bullish
Technical Forecast:
Overview

TGR.AX ended Thursday at 4.24 gaining A$0.02 (0.47%). Today's closing price of 4.24 marks the highest close since November 14, 2017. Closing above Wednesday's high at 4.23, the market confirms its breakout through the previous session's high having traded A$0.04 above it intraday.

Daily chart for TGR.AX
Volatility

Thursday's trading range was A$0.05 (1.18%), that's below last trading month's daily average range of A$0.07. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average.

Support/Resistance

Breaking through the key resistance level at 4.23 today, it is now likely to act as support going forward.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.

Market Conditions for Tassal Group Limited
Condition Forecast Direction Win Avg Worst Best Events
Bearish High-Wave Candle TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
3 Consecutive Higher Closes TQ Pro Members Only
RSI(2) above 80 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

TGR.AX ends the day indecisive

Aug 20, 2018
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