TRG TRG Pakistan short term analysis 3rd Sep. 2020

Under Pressure

Our Pivot: 65.00

Our Preference: Short sell TRG below 63.70 with strict stop loss of 65.00 and profit target at 61.00 and 60.

Alternate Scenario: Upward penetration of 65.00 will call for 67.30.

NOTE: TRG is in correction mode of its previous bullish rally inside a bullish price channel but daily and hourly MACD is loosing strength.

Hourly chart with supports & resistances: