Price is primed and ready for a move up as buyers step in

Potential Buy Entry Alert to Watch TGR

 

Time Frame : Daily/Weekly

Sector : Food, Beverage and Tabacco.

Key Stats : $767.55 Million Market Cap, VWAP 4.345, ASX Ranking 263, 4 Week Av Turnover $1,912,023, Current Turnover (Intraday as at time of alert) $479,579, PE 13.1, Div Yield 3.70%.

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

Broker Consensus : BUY

 

TGR – Tassal Group Limited

TGR has found some buying support to pressure price higher. We see that price is extended so are now watching for further confirmation that buyers are on the move and are building a higher low for the entry setup. The longer term weekly buyers are in a prime position for a strong move up just have a little more work to do.

 

Stock Code : TGR – Tassal Group Limited

Company Website : www.tassalgroup.com.au

Current Price : 4.335

Status : On watch for buy entry setup