TRG PAKISTAN LTD
Long
Updated

TRG Long

228
TRG has made a perfect bullish harmonic pattern where it has retraced to exact 127.2% of its last top and now will move till 161.8% of its all-time high which is nearly 295. This is not a buy/sell call, its just my own analysis and you may disagree. However, I'd urge you to study bullish and bearish harmonic patterns which are not so common in Pakistani market but some international players often run a stock through this pattern. Similar patterns can be noticed in GHNI and GAL as well.
Trade active
TRG has successfully filled the fair value gap it left on 12th May. Original idea is still intact.

Side Note: Although the masses have reacted on news of Greentree holding losing the case but people should also know the fact that it will open up the opportunity for Zia Chishti to hold onto the operations of TRG - the man behind TRG's success.
Note
It has already regressed to its Fib 0.618 level and may regress to 0.786 level (~53). But no need to worry on technical grounds. Its a buying opportunity. (But its not a buy / sell call, just my personal opinion) :)

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