Short Term Trading Weekend Lounge: 8 - 10th Dec, page-86

  1. 574 Posts.
    lightbulb Created with Sketch. 85
    STTCOMP TNG, TA Long
    SOI: 804m
    MC:$104.5m Cash:$6.5m

    Three red bars on declining volume on the weekly and the SP is back at the trend line. Every time this TL has been tested, the SP has bounced strongly over the following weeks. The green arrow represents roughly 75% of the way to the apex of a symmetrical triangle and is a potential breakout area.

    TNGweeklyDec17.PNG
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.