TLGT squeezed in triangle
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!
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!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.