Tatts Group Limited (TTS) - TTS had a positive day yesterday and on both the daily and weekly chart looks strong
Chris Weston
Pepperstone
Tatts Group Limited (TTS) - TTS had a positive day yesterday and on both the daily and weekly chart looks strong. Price has broken the May downtrend on the weekly chart and on the daily chart printed a huge bullish reversal pattern. TTS did close above the top of the Bollinger band and a move back to the mean ($3.02) could be on the cards in the short-term, but this looks like a buying opportunity in my opinion. Yesterday's favourable ruling from the Supreme Court to award compensation of A$451 million is seen as a material positive for the company and has seen brokers like Goldman Sachs increase its 12-month target for the company 25c to A$3.45.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Comments
Comments
Sign In or Join Free to comment