Been following TLT for awhile now. TLT is now approaching its next major resistance line at 122.95. If TLT is able to break this resistance and maintain momentum, I predict that it may continue to rise to 126.54. Prior to breaking the 122.95 line, there may be a retrace down to 120.15 to be cautious of.
Note
TLT is struggling through resistance and following a rejection. It possible that market increases today may push the ETF through this resistance line.
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.