MrJordn

TLGT squeezed in triangle

NASDAQ:TLGT   None
TLGT formed a descending triangle (which usually is a bearish sign). If the stock breaks through its bottom support, a trend continuation (south) is very likely. However, if the stock breaks through the upper support, we might see a bullish trend reversal.

Gamblers could open a long position protected with a tight stop loss right below the bottom support.
Shorts should consider, opening a position right after the successful break of the bottom with a stop loss set in the .54ish area.

Good luck!
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.