Breakout Brewing: Is TRGP About to Explode?

🔹 Trade Summary

Setup:
Ascending triangle forming over several months
Price consolidating near major resistance
Strong analyst buy rating with 1-year target at $203.94

Entry:
Buy on daily close above $169.42 (breakout trigger)

Stop-loss:
Below $159 (invalidate the setup)

Targets:
$203.94 (analyst target / recent highs)

Risk/Reward:
Approx. 1:3.5 (risking ~$10 for ~$34 gain)

🔹 Technical Rationale
🔹 Ascending triangle pattern suggests bullish continuation
🔹 Flat resistance at $169.42 now being challenged
🔹 Daily timeframe, recent higher lows showing building pressure

🔹 Catalysts & Context
🚦 Analyst “Strong Buy” rating with 1-year upside potential of +22.96%
🛢️ Energy sector momentum, especially in midstream & LNG plays
📰 Potential earnings/corporate updates could drive breakout

🔹 Trade Management Plan
Entry: Buy only on daily close above $169.42
Stop-loss: Below $159 — trail up if price closes above $180
Scaling: Take partial profits at $185, remainder at $203.94 (target)

What’s your view? Are you watching TRGP? Comment below or vote:

🔼 Bullish
🔽 Bearish
🔄 Waiting for confirmation

🔹 Disclaimer

Not financial advice. Trade at your own risk.

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