TN Petro has broken out of its 9 month old congestion trendline. the stock had broken out of the same trendline a few weeks back but broken down below it immediately and had restested and taken support at the previous resistance of 45.5.
Since then, the stock has once again breached the 9 month old resistance trendline to the upside and closed above it both on a daily and on a weekly basis.
TN Petro now faces its immediate resistance at the 57-58 level which is our first target for this trade.
Subsequent targets are at 64.5 and 72-73 which are important technical levels from the 2018 price action for TN Petro as the chart shows
One can go long in this stock with a DCB SL of 48.8-49 which is the immediate trendline support (black trendline on the chart)
Since then, the stock has once again breached the 9 month old resistance trendline to the upside and closed above it both on a daily and on a weekly basis.
TN Petro now faces its immediate resistance at the 57-58 level which is our first target for this trade.
Subsequent targets are at 64.5 and 72-73 which are important technical levels from the 2018 price action for TN Petro as the chart shows
One can go long in this stock with a DCB SL of 48.8-49 which is the immediate trendline support (black trendline on the chart)
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.