TD Power made a new All Time High today with huge volume. With that last bullish candle, on daily timeframe, we observe a Double-Top which is a bearish chart pattern. The angular support trendline has been respected as indicated. Short-term EMAs are in positive cross-over state, which is an obvious scenario during Double-Top formation.
We should observe how the price action plays out in the coming days to decide on the possible targets, both upside and downside.
We should observe how the price action plays out in the coming days to decide on the possible targets, both upside and downside.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.