Normally I find 'The Australian' excellent but its brief intraday analysis omits how TGR is expanding into prawns, a huge new source of revenue (and we hope EPS/net profit):Tassal up 6pc on good volume
Shares in salmon farmer Tassal have surged 5.8pc to a 9-day high of $3.65 on good volume.
Fundamental catalysts are lacking but there must be some decent buying with volume 2.8 times the 20-day average for this time of day.
Certainly it has built a good base around $3.45. on the chart in the past six months.
The 200-day moving average offers resistance at $3.66.
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Why would you short Tassals *now*?, page-79
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