TRG TRG Pakistan short term analysis 28th Oct. 2020
Under Pressure
Our Pivot: 52.50
Our Preference: Start short selling TRG below 50.30 and average it out till 51.35 with strict stop loss of 52.50 and profit target at 47.90 with extension towards 46.75.
Alternate Scenario: Upward penetration of 52.50 will call for 54.60.
NOTE: TRG is moving downward after facing rejection from 50% correction of its last bearish rally and resistant trend line of its rising wedge.
Hourly chart with supports & 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