TSK - TASK Group Holdings

[Maxtrade]

Friday had a second short 12.5% pulse, likely see a pullback again Monday Tuesday to mid 0.3's again. If finds support at the 0.35 mark a couple more times might feel a bit more confident that a lower end trough forms. Still a bit risky buying in at the 0.40 mark today with the amount of profit takers still waiting gin the works to cash in on the run. A bit more time bouncing off a low to establish would be required to solidify a confident level to accumulate. 0.3-0.34 would work, going sub 0.30 might be being a little hopeful? Depends on how many profits want to be taken off this and the following week. 12.5% Friday gain likely to taper back, it's the old oscillating swing in action currently, great for traders. Hope you do well Ggcc

Might run top to 0.45 again before taking the next swing down.

[sb9]

Might run top to 0.45 again before taking the next swing down.

Agree with run upto 45c mark, but doubt if retracement will be that significant. Seems as though one or two instos are supporting the bid side (one of them might be Ord Minnet as per NBR last week).

[Ggcc]

Agree with run upto 45c mark, but doubt if retracement will be that significant. Seems as though one or two instos are supporting the bid side (one of them might be Ord Minnet as per NBR last week).

I doubt whether institutional investment will be happening at this present time, unless management can prove that this deal has transformed them in such a way they can invest client money happily. The risk has been lowered enough for small investors, but has it ticked the boxes yet for institutions. I’m not sure it has yet. Plus we would see loads more shares getting traded. Happy to be wrong

[Baa_Baa]

Agree with run upto 45c mark, but doubt if retracement will be that significant. Seems as though one or two instos are supporting the bid side (one of them might be Ord Minnet as per NBR last week).

If it was Ord Minnet, you'd think it would be on ASX, but there's no volume there.

Last week ... "Plexure stock upgraded to ‘buy’ by Ord Minnett. Australian broker ups target price by 55% after McDonald’s renews contract 'de-risked'" McD 5 year contract signed (with +5), revenue estimated to rise from $27m FY22 to $45m FY23.

[sb9]

If it was Ord Minnet, you'd think it would be on ASX, but there's no volume there.

Last week ... "Plexure stock upgraded to ‘buy’ by Ord Minnett. Australian broker ups target price by 55% after McDonald’s renews contract 'de-risked'" McD 5 year contract signed (with +5), revenue estimated to rise from $27m FY22 to $45m FY23.

I doubt whether institutional investment will be happening at this present time, unless management can prove that this deal has transformed them in such a way they can invest client money happily. The risk has been lowered enough for small investors, but has it ticked the boxes yet for institutions. I’m not sure it has yet. Plus we would see loads more shares getting traded. Happy to be wrong

Both of you raise very fair points.

[Maxtrade]

Both of you raise very fair points.

Not much urgency or volume on the sell side so hasn't been large volumes needed on the buy side to be maintaining. So don't think any insto action at play. Just the swing is starting to swing a little less. Will be interesting to see if there is a pulse up in the SP during todays trading with currently little volume on offer. Will be keen to watch where any resistance builds, mid 0.4's higher?

[Baa_Baa]

Not much urgency or volume on the sell side so hasn't been large volumes needed on the buy side to be maintaining. So don't think any insto action at play. Just the swing is starting to swing a little less. Will be interesting to see if there is a pulse up in the SP during todays trading with currently little volume on offer. Will be keen to watch where any resistance builds, mid 0.4's higher?

There's plenty of volume on offer, it's just higher priced than now. TA has a weak horizontal resistance around 0.435 then stronger resistance 0.54. Currently overbought, tracking sideways, but not pulling back to those low numbers you were predicting.

[sb9]

Bid side loaded with full ammunition, 45c to test today??

[Ggcc]

Bid side loaded with full ammunition, 45c to test today??

Not today by the looks. I will be surprised to see it going too much higher without anymore positive news or updates. Most likely heading up slowly to half year results in November

[sb9]

Not today by the looks. I will be surprised to see it going too much higher without anymore positive news or updates. Most likely heading up slowly to half year results in November

May be today with strong global market sentiment overnight.