TLGT
Teligent looking bullishAs the stock market has been very worried this week, we have been seeing lower highs on the Teligent stock.
However I believe we are building good momentum for a run up today and the coming week.
If we hold 1.2$ and break the resistance levels @ fib 0.618 (Teligent 1.3$), and continues to break the previous top along with 1.4$, I believe we could see new highs coming soon.
Comment if you have any questions!
Best regards,
Widtrade
+100% opportunity Potential gain:+150
Reward/Risk:+15
Timeframe: 3-6 months
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TLGT: Showing me its round bottom?TLGT on the 15 minute chart in order to watch it move.
I see a rounding bottom, but I swear I just see that everywhere nowadays.
The fibs, retracement as well as trend-based extension, show a range of PT's above 1.44.
Seems a good PT range is 1.54 -1.62 for lower end, and up to 1.70 for higher end.
Anything beyond those levels will require quite a bit of volume and buying pressure.
Let's see how this plays out!
TLGT - Fallen angel formation Long from $4.03 to $4.93 & HigherTLGT is showing strength after a huge fall. It crossed above its EMA lines & It has strong insider buying recently. We think it has good upside potential.
* Trade Criteria *
Date First Found- November 29, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- Break of $4.03
Exit Target Criteria- 1st Target $4.93, 2nd Target $5.43
Stop Loss Criteria- $3.46
Please check back for Trade updates. (Note: Trade update is little delayed here.)
