BrandonMendez

TLT: A Cup-and-Handle Formation

BATS:TLT   ISHARES 20+ YEAR TREASURY BOND ETF
43 0 2
The weekly chart for TLT             shows a cup-and-handle formation. The handle has retraced exactly 1/3 the distance from the high to the low in three weeks. At this point, the retracement has encountered support from the 20sma.

I expect TLT             will move upward in near term.

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