TRG TRG Pakistan Analysis 21 March 2013
TRG Caution Ahead
Our Preference: Book profits from previous buying near 8.03 and wait for 6.37 to rebuy it with profit target at 7.77 and 8.03
Alternative Scenario: Downward penetration of 6.37 will call for 5.67 and 5.19
NOTE: TRG is going to face a bunch of resistances in area of 7.85 to 8.03 as 8.03 falls on its 61% bearish correction level and also a strong resistant trend line is pressing TRG downward from that level. This week's closing above 8.03 will push TRG further upward but it seems difficult to cross that level in this week for TRG.
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John Doe
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