Transurban about to break a long term resistance

14 Nis 2021

Price ACTION - TCL is breaking a key resistance level reversing a downward swing back to previous highs.

4 hour chart

Condition - BReak of 13.81 with good volumes

Stock target - 14.31

Target 2 - 14.91

Target 3 - 15.63

Timeframe - 6- 8 Weeks

Stop Loss - Swing Low - 13.44

Pattern - Round Bottom

Potential - Can form a Cup & Handle if next resistance sends the stock on a slight correction

16 Nis 2021

İşlem aktif

Stock has broken above 13.82. Entry made

20 Nis 2021

Not

Trade active.. Expect a retracement back to support.

22 Nis 2021

İşlem aktif

TCL inching towards T1 currently at 14.28

30 Nis 2021

İşlem aktif

Trade update - Broke 14.32- Retraced to 13.78 below 13.82 to remove some weakhands and now on the journey to Target 2 which is 14.91