TPG Telecom ASX lift offFair value is assessed at $7.40 by Morningstar and the recent low of $4.80 is a great support point to justify a R/R of almost 5:1
Does anyone dispute this hypothesis?
TPG trade ideas
$TPGTPG telecom LTD
Bullish Case
-Above the 2021 Yearly open. ( this is a weekly chart so need to view yearly chart to see 2021 YO)
-MACD Bull divergence
-MACD bullish crossover
-Above the bo line (Breakout line on daily)
Would like to see a pullback into the and below the breakout line to fake out all those who got long then starts the real breakout.
the FED meeting is on the 27th and anther rate hike while expected will drive another leg down in short term on Stonks imo.. watching closely.
TPG - Bullish Trade PlanTPG broke out of the Bearish trendline with very High Volume. This makes me bullish TPG with an upside target of broken Support level of $6.60. Any retracement lower could be a very good buying opportunity to get long.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
TPG breakout .. for the brave.TPG massive breakout from long term down trend and channel. Big volume and gap up on no news.
TPG Short after it broke all time low with volumeEntry: 6.21
Stop loss: 6.48
Shorted the counter it broke out of all time low with volume today.
Moving averages are biased towards the downside.
TPG no end in sight for a bottom. TPG is in a strong down trend, with no end in sight, and below 200d ma and 50d ma. Recent earnings for 2021 just haven't impressed investors along with TPG's huge market cap, and with competition in the Telco space, there needs to be something else completely out of the box to end this downtrend.
TPG - Bullish Trend Confirmation TPG - Bullish Trend Confirmation Indications:
1. Price has broken the down trendline
2. It has formed a higher Swing High
2. Price has retraced back to support and has confirmed bullish price action
I believe price has shown bullish price action at support and I expect price to go higher and hit the target level of $9.60.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
