TLGT formed a descending triangle (which usually is a bearish sign). If the stock breaks through its bottom support, a trend continuation (south) is very likely. However, if the stock breaks through the upper support, we might see a bullish trend reversal.
Gamblers could open a long position protected with a tight stop loss right below the bottom support.
Shorts should consider, opening a position right after the successful break of the bottom with a stop loss set in the .54ish area.
Good luck!
Gamblers could open a long position protected with a tight stop loss right below the bottom support.
Shorts should consider, opening a position right after the successful break of the bottom with a stop loss set in the .54ish area.
Good luck!