Transurban about to break a long term resistance
Updated
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
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
Trade active
Stock has broken above 13.82. Entry madeNote
Trade active.. Expect a retracement back to support.Trade active
TCL inching towards T1 currently at 14.28Trade active
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
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