Here we have two situations. We will have a buy idea if we have the breakout with force the resistance line. In other hand we could have a sell idea if we have the breakout with force the support line and the vwap indicator.Thanks!
The price chart of Transurban Group ( TCL ) has just triggered a Golden Cross (50-day moving average above 200-day moving average). Historically, this price pattern was usually followed by an upside move. Since 2000, a Golden Cross has been observed on 13 previous occasions (first event in at least 20 rolling trading days).
Looking forward 12-days, TCL ,...
Price ACTION - TCL is breaking a key resistance level reversing a downward swing back to previous highs.
4 hour chart
Condition - BReak of 13.81 with good volumes
Stock target - 14.31
Target 2 - 14.91
Target 3 - 15.63
Timeframe - 6- 8 Weeks
Stop Loss - Swing Low - 13.44
Pattern - Round Bottom
Potential - Can form a Cup & Handle if next resistance sends...
Not a share I’m excited by, but could be a bit of short term bump in the price with their announcing their increased pricing. I know that several brokers consider them quite a good defensive stock and the current chart would seem to indicate that they are in an upward trend and the value is probably fairly good at the moment. Depends of course on how the market...
