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$TNB looking to break out of an Ascending Triangle.

157
TNB is clearly demonstrating a textbook ascending triangle pattern. This will typically resolve to the upside with the 177 resistance that has been tested twice already becoming the new support after it breaks out. Definitely a bullish chart when you take the rising RSI,high OBV and the MACD that is about to make a bullish crossover. 204 is the 1.618 Fib Extension level and is where I would expect plenty of selling pressure. Volume seems to be holding steady and slightly increasing.

Feragatname

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