VirtualFax

Diamond tops formation seems developing for TGL.TO

TSX:TGL   TRANSGLOBE ENERGY CORP
21 0 1
Not sure whether there is a single person on this website who even ever heard about this Canadian oil             company but I just find it interesting that a diamond formation seems to be in progress on its daily chart . The pattern resulted from TGL's recent fail to penetrate what seems to be the oldest support-turned-into-resistance trendline . But given the indicators trend, the resistance is expected to eventually fail after longs pay a tribute visit to the $2,00 area.

Though not as rare as diamonds of the real world, such patterns are still not as frequent as triangles, flags, wedges , H&S etc.
Comment: The price is very likely to bounce off the uptrend line in the $2.20 area, hence, never dropping to $2.00 as initially indicated above.

snapshot
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out