Transcontinental (TCL.A) is one of the Canadian Dividend Growth companies that I like and follow closely.
Recently I noticed a nice cup and handle formation on the chart that may be a sign of future growth.
Once we break $20.50 price range definitively, more upside is possible.
Please send your comments and do you own research.
Happy trading,
LTT
Finding resistance, with another cross on the MACD will signal another sell opportunity. With low volume getting ahead of the MACD cross might be wise.
TCL.A seems to be holding on the 20 SMA for support, but don't be surprised if that breaks down as MACD shows the trend has reversed to the downside. Profit taking time until the trend reverses, not surprising post dividend.
TCL.A showing strength breaking through resistance level and challenging the next. Upward momentum is looking pretty strong so it needs to take out this resistance level and close above to challenge the next. Just trying to knock them down one at a time.
TCL.A to challenge resistance after beating earnings. Momentum has swung to the upside after beating earnings and seems strong, could break through resistance around 22.02
TCL.A no longer trapped, unfortunately it broke to the downside. Look for support at the the 20.31 level with resistance being the 200 now (orange). With earnings coming up, hope for a good report to get momentum back to the upside.
TCL.A still trapped between the 50 and 200. If it can manage to break above and close above the 50 should try to follow the upper angle towards 22.94 , otherwise it seems to keep following the lower angle.
