TRADESETUP

December 20, 2018

Price falls as buyers give up under global share market pressure

Closed Alerts

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Sellers pressure price lower to trigger the stop loss level on TGR at 4.32.

The Alert is now closed.


Previous Alert 19/12/18

Current Active Alert Trade Management TGR

Time Frame : Daily/Weekly

Sector : Food, Beverage and Tabacco

Key Stats : $783.51 Million Market Cap, VWAP 4.411, ASX Ranking 260, 4 Week Av Turnover $2,0023,448, Current Turnover (Intraday as at time of alert) $790,438.

Company Overview : Tassal Group Limited (TGR) is an Australian company engaged in provision of Atlantic salmon in Australia. TGR’s operationsinclude hatching, farming, processing, sales and marketing of Atlantic salmon, located in Tasmania.

Broker Consensus : BUY

TGR – Tassal Group Limited

TGR is grinding higher but heading in the right direction. We are happy to tighten the risk and raise the stop loss level to 4.32 and let the action play out further. Watching to see how price reacts up at the highs around 4.60.


Stock Code : TGR – Tassal Group Limited

Company Website : www.tassalgroup.com.au

Current Price : 4.45

Previous Buy Entry Level (Trigger Level) : 4.40

New Sell Exit Zone (Stop Loss) : 4.32

Status : On watch for continuation higher

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Previous Alert 12/12/18

New Buy Entry Alert TGR

Time Frame : Daily/Weekly

Sector : Food, Beverage and Tabacco

Key Stats : $764.01 Million Market Cap, VWAP 4.312, ASX Ranking 263, 4 Week Av Turnover $1,855,523, Current Turnover (Intraday as at time of alert) $506,424.

Company Overview : Tassal Group Limited (TGR) is an Australian company engaged in provision of Atlantic salmon in Australia. TGR’s operationsinclude hatching, farming, processing, sales and marketing of Atlantic salmon, located in Tasmania.

Broker Consensus : BUY

TGR – Tassal Group Limited

TGR has been holding its ground as buyers support price under ASX200 pressure. We are now watching for a higher low to confirm with a push up through the entry price at 4.40. If the entry triggers then we are happy with tight risk at 4.21 but if 4.21 trades prior to the entry, cancel the alert and back to the drawing board.

Stock Code : TGR – Tassal Group Limited

Company Website : www.tassalgroup.com.au

Current Price : 4.33

New Buy Entry Level (Trigger Level) : 4.40

Potential Sell Exit Zone (Stop Loss) : 4.21

Status : On watch for a Buy entry trigger



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