Well Hello There…
Here is the Technical Analysis for Tierion (TNT)
TNT is moving in an “Upward” trend.
It is above both short term Moving Average (EMA-20) and the Long term Moving Avarage (EMA-50).
I noticed the short term downward trend (in pink) is broken with high volume.It is good sign for the “buyers”. Once that downtrend is broken, TNT reached 3000 and completed bowl formation.
Right now TNT is trying to break out from “Bowl Formation” between 3000 - 1300. If the price could stay above 3000; It may go up to 4300 to complete the “h” length of the bowl formation”. I showed the height of the bowl with “h” symbol (3000- 1300 =1700). Stop Loss is 2700
Trend is your best friend :) As long as the price stays above the moving average It represents an “Upward” Trend. As long as the price stays below the moving avareges It represents an “Downward” Trend.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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