TRX - Trendline Support and 200 Day EMA Resistance
TRX is still trending upwards. We are looking to see if it can break resistance at the 200-day EMA. Closed above it once and then back down. Stochastic and 5/12 EMA look good. Profit targets at 45% and Stop loss at 15%.
This setup will be invalidated if we close below the trendline in purple. A break above the 200 EMA (yellow) should be seen as a bullish sign.
This setup will be invalidated if we close below the trendline in purple. A break above the 200 EMA (yellow) should be seen as a bullish sign.
Comment:
Still wedged in between the 200EMA and the trendline.
Comment:
Support broken. Will probably retrace 100% of recent gains.