TRG The Resources Group of Pakistan Short-Term Analysis 12th Feb. 2018
Caution
Our Pivot: 42.10
Our Preference: Short Sell TRG below 39.37 and average it out till 40.50 with strict stop loss of 42.10 and profit target at 36.45 and 34.
Alternate Scenario: Upward penetration of 42.10 would call for 44.40 and 45.60
NOTE: TRG is moving in an upward price channel and right now its capped by resistant trend line of said channel along with a horizontal resistant region which falls on a double top after completing a half moon on daily chart. Daily Stochastic have generated a bearish crossover and weekly is ready for that which would put pressure on TRG prices.
Daily Chart with Supports and Resistances:
TRG 42
Overview
Quick Snapshot
Free Float
463,582,065
O/S Shares
545,390,665
Market Cap. (m)
0.00
Var Value
16.50
Hair Cut
22.50
Last Price
Price Adjusted
52 Weeks Range
52w Low
52w High
Intraday
Pivots
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
5.55
7.21
QTD Price Return
5.55
7.21
3M Price Return
-11.43
-12.16
6M Price Return
-47.43
-36.48
9M Price Return
-87.44
-51.43
YTD Price Return
-35.33
-29.97
1Y Price Return
-79.93
-49.19
3Y Price Return
62.12
303.77
5Y Price Return
35.06
73.79