TGL continues to trade within a well-defined ascending parallel channel, maintaining its long-term uptrend structure. Recently, the price briefly broke below the lower boundary of the channel, triggering a liquidity grab before swiftly reclaiming the channel support. This move suggests that downside liquidity has been absorbed and buyers have regained control.
If the price sustains its position within the channel in the coming sessions, a bullish pullback towards the upper boundary of the channel can be expected. The next potential upside targets are265 - 280 and 305, while 215 serves as key downside support. Sustained trading above the midline of the channel will further strengthen the bullish outlook.
If the price sustains its position within the channel in the coming sessions, a bullish pullback towards the upper boundary of the channel can be expected. The next potential upside targets are265 - 280 and 305, while 215 serves as key downside support. Sustained trading above the midline of the channel will further strengthen the bullish outlook.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.