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
