What’s The Asia Tigers Fund, Inc. (GRR) Downside After Forming Bearish Ascending Triangle Pattern?

January 13, 2018 - By Richard Conner

Investors sentiment increased to 1 in Q3 2017. Its up 0.60, from 0.4 in 2017Q2. It increased, as 1 investors sold The Asia Tigers Fund, Inc. shares while 2 reduced holdings. 2 funds opened positions while 1 raised stakes. 1.56 million shares or 2.40% more from 1.53 million shares in 2017Q2 were reported.
1607 Capital Ltd Liability Com reported 179,063 shares. Morgan Stanley accumulated 785 shares. Wells Fargo And Mn holds 0% or 18,999 shares. Blair William Il holds 0% of its portfolio in The Asia Tigers Fund, Inc. (NYSE:GRR) for 29,160 shares. Bancorp Of America De invested 0% in The Asia Tigers Fund, Inc. (NYSE:GRR). Royal Bankshares Of Canada has 5,514 shares. Bulldog Limited Company invested in 172,630 shares. Css Ltd Liability Company Il invested 0.01% in The Asia Tigers Fund, Inc. (NYSE:GRR). Thomas J Herzfeld owns 2,000 shares for 0.01% of their portfolio. Moreover, Tower Rech Capital Limited Company (Trc) has 0% invested in The Asia Tigers Fund, Inc. (NYSE:GRR). City Of London Management Ltd has invested 1.01% in The Asia Tigers Fund, Inc. (NYSE:GRR).

The stock of The Asia Tigers Fund, Inc. (GRR) formed an ascending triangle with $11.99 target or 8.00 % below today’s $13.03 share price. The 5 months triangle pattern indicates high risk for the $ company. If the $11.99 price target is reached, the company will be worth $ less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 0.15% or $0.02 during the last trading session, reaching $13.03. About 13,091 shares traded or 184.34% up from the average. The Asia Tigers Fund, Inc. (NYSE:GRR) has risen 37.03% since January 13, 2017 and is uptrending. It has outperformed by 20.33% the S&P500.

More important recent The Asia Tigers Fund, Inc. (NYSE:GRR) news were published by: Prnewswire.com which released: “The Asia Tigers Fund, Inc. Announces Distribution” on December 19, 2017, also Marketwatch.com published article titled: “Asia Tigers Fund Inc.”, Prnewswire.com published: “The Asia Tigers Fund, Inc. To Join Six Aberdeen-Advised Closed-End Funds In A …” on October 31, 2017. More interesting news about The Asia Tigers Fund, Inc. (NYSE:GRR) was released by: Prnewswire.com and their article: “The Asia Tigers Fund, Inc. Announces Payment Of Distribution” with publication date: January 08, 2018.

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