TGR 0.00% $5.22 tassal group limited

TGR Chart, page-116

  1. 403 Posts.
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    TA - I thought of sharing similar run up in Z1P compared with TGR.

    Z1P is in the top 10 most shorted. Similar to TGR in top 5.
    APT was subject to TO from Square, HUO subject to take over.
    Z1P jumped on the first day and consolidate lower, then head higher on Day #2 and #3.
    TGR follows similar path - the SP movement replicates that of Z1P on Day #1.
    In my view, Z1P chart shows what is likely to happen on Day #2 and #3. If you are day trading, selling in the first 30mins of market open on Day #3 gives you the best return, or around tomorrow peak if you'd like to take some $ off the table.

    Just my thought, I always look at past stocks of similar nature to get an idea where the SP might head off.

    There are $50M shorts (~8%) still to be covered and this should put a floor on TGR.

    GLTAH.



    https://hotcopper.com.au/data/attachments/3449/3449122-808d3b3da0c7e72bb9f8225529b6c16a.jpg


    https://hotcopper.com.au/data/attachments/3449/3449141-1da829a91275d0786f9811a946f8f5cd.jpg


 
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