TGR.AX pushes through key resistance level
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.
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.
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
|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|
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