TRG TRG Pakistan Short Term Analysis 6th May 2020
Turning Down
Our Pivot: 22.67
Our Preference: Start short selling TRG below 19.30 and average it out till 20.60 with strict stop loss of 22.67 and profit target at 15.50 and 14.40 with extension towards 12.30.
Alternate Scenario: Upward penetration of 22.67 will call for 25.60.
NOTE: TRG is being capped by two strong horizontal resistant line on daily and weekly chart while completing correction of its last bearish rally. Meanwhile weekly momentum indicators are trying to change their direction towards bearish side.
Weekly 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