TAH tabcorp holdings limited

TAH - technicals lining up nicely

  1. 1,392 Posts.
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    Liking the look of the TAH technical setup. I think a medium term bottom is in place at $4.20, with a move back to $4.60 in the short term, based on the MACD trending positive back towards to 0 control line, Stochastics also trending positively after forming a nice base. RSI also looking good trending north after basing nicely in the 'oversold' region.

    Looking for a test of the 30 day ma at $4.45, before making a move to the fibbo retracement line at $4.53 and then the 200 day MA at $4.58.

    Decided to take a position and am still active on market today based on the technical setup and the Citi research note below.
    https://www.intelligentinvestor.com.au/its-a-two-horse-race-for-wagering-supremacy-1889156

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