TGR.AX pushes through key resistance level
Tassal Group Limited (TGR.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (TGR.AX as at Jun 14, 2018):
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.
Breaking through the key resistance level at 4.23 today, it is now likely to act as support going forward.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.